Torrent Pharma Share Price: Torrent Pharma shares rise 0.3 per cent in Thursday’s trading session

Shares of Torrent Pharmaceuticals Ltd. rose 0.3 percent to Rs 3,076.55 in Thursday's trade at 12:18 pm (IST), even as a benchmark. Skilled he ruled at 17,838.60, an increase of 192.6 points.

The scrip had closed at Rs 3067.5 in the previous session. The stock was trading at a 52-week low of Rs 2,311.3 and a high of Rs 3,248.0. The company traded a market capitalization of Rs 52062.22 crore on the EEB.

On the BSE, 1,360 stocks have changed hands so far. At its prevailing price, the stock was trading at 41.29 times its 12-month EPS of Rs 74.52 per share and 7.37 times its book value. The return on equity (ROE) stood at Rs 21.44.

Key finances

For the quarter ended June 30, 2021, Torrent Pharmaceuticals Ltd. reported consolidated sales of Rs 2,174 crore, 5.53% more than in the same quarter a year earlier. The company reported 2.8 percent year-on-year growth in net profit to Rs 330.0 crore for the latest quarter.

Technical indicators

The stock's Relative Strength Index (RSI) stood at Thursday. The RSI ranges between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say that the RSI indicator should not be viewed in isolation, as it may not be enough to take a trading call, in the same way that a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation index.