Torrent Pharma share price surges 8% to hit a 52-week high; should you buy the stock? Here's what top brokerages say3 min read 31 May 2023, 10:10 AM IST
Torrent Pharmaceuticals' share price surged 8 per cent to hit a 52-week high of ₹1,851.15 after reporting Q4 net revenue of ₹2,491 crore, up 17 per cent YoY, and a net profit of ₹287 crore, compared with a net loss of ₹118 crore in the previous year.
Torrent Pharmaceuticals share price surged 8 per cent in early deals on BSE on Wednesday (May 31) to hit their fresh 52-week high of ₹1,851.15, a day after the company reported its March quarter scorecard which showed decent growth in the company's top and bottom line on a year-on-year (YoY) basis. The stock opened at ₹1,754.90 against the previous close of ₹1,714.80 and rose quickly to the level of its one-year peak.
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