Torrent Pharma shares surge 13 per cent after Q1 earnings
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New Delhi: Shares of Torrent Pharmaceuticals rallied 13 per cent on Friday after the company reported a 48.61 per cent rise in its consolidated net profit for the quarter ended June 30, 2020.
The scrip jumped 13.05 per cent to Rs 2,754.90 -- its one-year high level -- on the BSE.
On the NSE, the stock surged 13.03 per cent to it 52-week high of Rs 2,755.40.
The drug firm Torrent Pharmaceuticals reported a 48.61 per cent rise in its consolidated net profit to Rs 321 crore for the quarter ended June 30, 2020, mainly on account of robust sales in the Indian market.
Read also: Torrent Pharma, Biocon Candidates For MSCI Index: Morgan Stanley
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