Torrent Pharma Share Price: Torrent Pharma stock price down 0.54 per cent as Sensex climbs

Shares of Torrent Pharmaceuticals Ltd. fell 0.54 percent to Rs 3,150.7 as of 1:31 PM (IST) on Thursday. Earlier in the day, the stock saw a gap to the upside early in the session.

According to the data available in EEB, the total amount traded over the counter stood at 3,174 shares with a turnover of Rs 1.0 crore as of 1:31 pm (IST). The shares were trading at a price-earnings multiple (P / E) of 42.28, while the price-to-book ratio stood at 7.37.

Return on equity (ROE) was 21.44 percent, according to exchange data. The stock reached an intraday high of Rs 3,185.7 and a low of Rs 3,133.9 during the session and traded at a 52-week high of Rs 3,185.7 and a 52-week low of Rs 2,311.3.

The beta value of the stock, which measures its volatility relative to the market in general, stood at 0.49.

Technical indicators

The 200-DMA (daily moving average) of the stock stood at Rs 2,740.5 on September 2, while the 50-DMA was at Rs 3009.39. If a stock is trading above 50-DMA and 200-DMA, it generally means that the immediate trend is up. On the other hand, if the stock is trading below 50-DMA and 200-DMA, it is considered a downtrend. If it is trading between 50-DMA and 200-DMA, then it suggests that the stock can go in either direction.

The Relative Strength Index (RSI) of the stood at 64.27. The RSI ranges from zero to 100. Traditionally, a stock is considered overbought when the RSI value is above 70 and oversold when it is below 30.

Holding developer

As of June 30, 2021, promoters had a 71.25% stake in the company, while foreign institutional investors had 13.28% and national institutional investors 6.79%.

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