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Torrent Pharma tanks 4% post Q1FY25 results; analysts update target prices

Business Standard LogoBusiness Standard7h ago

Torrent Pharma tanks 4% post Q1FY25 results; analysts update target prices - Business Standard

Quick Summary:

Shares of Torrent Pharma slumped up to 4.26 per cent at Rs 646.70 per share on the BSE in Tuesday's intraday deals.

The brokerage expects Torrent’s revenue and PAT growth of 10 per cent and 24 per cent, respectively over FY24-27.

The company's revenue from operations also saw a growth of 10 per cent Y-o-Y, rising to Rs 2,859 crore compared to Rs 2,591 crore in Q1FY24.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 11:53:23 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 510 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21759936

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Official Website: business-standard.com

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News Last Updated: 2 hours ago

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Publisher ID: #49

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