Torrent Pharmaceuticals Ltd. shares  drop  1.86% as Sensex  falls

Torrent Pharmaceuticals Ltd. shares drop 1.86% as Sensex falls

Shares of Ltd. traded 1.86 per cent down at Rs 2502.05 at 11:12AM (IST) on Monday, even as BSE benchmark Sensex dropped 1416.79 points to 48613.04. The scrip had closed at Rs 2549.35 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 3040.0 and Rs 1954.1, respectively.

As per BSE data, total traded volume on the counter till 11:12AM (IST) stood at 11:12AM shares with turnover at Rs 0.89 crore.

At the current price, shares of the company trades at 34.12 times its trailing 12-month EPS of Rs 73.39 per share and 6.92 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.49.

Shareholding Details

Promoters held 71.25 per cent stake in the company as of 31-Dec-2020, while FIIs owned 12.81 per cent and DIIs 7.23 per cent.

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