Torrent Pharma rises 0.65% as Sensex climbs :shivpurinews.in

Shares of Torrent Pharmaceuticals Ltd. traded at Rs 3134.5 on BSE at 01:15PM (IST) on Wednesday, up 0.65 per cent from previous close.

The scrip quoted a 52-week low price of Rs 2311.3 and a high of Rs 3248.0.

Earlier, shares of the company saw a gap down opening in the morning.

A total of 1,312 lakh shares changed hands on the counter till 01:15PM (IST).

The stock of Torrent Pharmaceuticals Ltd. commanded a market value of Rs 53309.39 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 42.28, while the price-to-book value ratio stood at 7.37. Return on equity (ROE) was at 21.44 per cent, according to exchange data.

In the BSE500 pack, 350 stocks traded in the green, while 150 stocks were in the red.

The stock’s beta value, which measures volatility in relation to the broader market, stood at 0.49.

Promotor/FII Holding

Promoters held 71.25 per cent in Torrent Pharmaceuticals Ltd. as of 30-Jun-2021 while foreign and domestic institutional investors owned 11.65 per cent and 6.66 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 2801.07 on October 13, while the 50-DMA was at 3079.77. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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