Photo : ET now digital
Torrent Pharmaceuticals (Image source: Torrent Pharma/ET Now Digital)
Torrente Pharmaceuticals Target price 2024: The pharmaceutical company reports a 56.54% increase in its net profit year-on-year in the third quarter of FY24 | Look what the brokerage houses say
Torrent Pharmaceuticals reported a 14.77% QoQ growth in net profit for the third quarter ended December 31, 2023. The company saw a 2.71% QoQ jump.
Torrent Pharmaceuticals Target Price for 2024:
Kotak Institutional Equities: Torrent Pharmaceuticals has a REDUCTION rating on Torrent Pharma on February 2, 2024. When the current market price of Torrent Pharma shares was Rs 2,513, the fair value of the stock is Rs 1,950, according to Kotak Institutional Equities.
JM Financials, in its February 2 Daily Morning report, says this: Torrent Pharmaceuticals: HOLD. At the current market price of Rs 2,513, the brokerage has set a 12-month target of Rs 1,835, which is lower than the current Torrent Pharma share price.
Torrent Pharma Interim Dividend 2024
The company also announced an interim dividend of Rs 22 (440%) per fully paid Rs 5 share. The dividend is expected to be paid or sent on or about February 23, 2024.
Torrent Pharma share price today
Torrent Pharma shares closed at Rs 2,511 during the market close on Friday, down 0.028%. Torrent Pharma has a market capitalization of Rs 854 billion, with a P/E ratio of 63.27 and a dividend yield of 0.88%.
(Disclaimer: The above article is for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before taking any money related decision.)
