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Buy Torrent Pharmaceuticals, target price Rs 3250: Prabhudas Lilladher

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Prabhudas Lilladher has buy call on with a target price of Rs 3250. The current market price of Torrent Pharmaceuticals is Rs 1482.6. Time period given by analyst is one year when . price can reach defined target.

Torrent Pharmaceuticals Ltd., incorporated in the year 1972, is a Large Cap company (having a market cap of Rs 25328.41 Crore) operating in Pharmaceuticals sector.

Torrent Pharmaceuticals Ltd. key Products/Revenue Segments include Pharmaceuticals, Other Operating Revenue and Export Incentives for the year ending 31-Mar-2021.

Financials

For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2187.00 Crore, up 1.44 % from last quarter Total Income of Rs 2156.00 Crore and up 10.68 % from last year same quarter Total Income of Rs 1976.00 Crore. Company reported net profit after tax of Rs -118.00 Crore in latest quarter.

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Promoter/FII Holdings
Promoters held 71.25 per cent stake in the company as of 31-Mar-2022, while FIIs owned 13.05 per cent, DIIs 7.56 per cent.

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