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Torrent Group market capitalisation doubles to USD 20 billion in a year
![Torrent Group market capitalisation doubles to USD 20 billion in a year Torrent Group market capitalisation doubles to USD 20 billion in a year](https://medicaldialogues.in/h-upload/2024/03/30/750x450_235279-fund.webp)
The Torrent Group, a diversified conglomerate, surpassed $20 billion (Rs 1.68 lakh crore) in market capitalization on Friday. This represents nearly a doubling of its market value, driven by robust growth across businesses, ranging from pharmaceuticals to energy.
Torrent Group's m-cap stood at $10.8 billion (Rs 90,230 crore) on June 6, 2023.
On Friday, two listed companies of the group, Torrent Pharmaceuticals Limited and Torrent Power Limited gained 2.22 per cent and 2.59 per cent, respectively, setting a new milestone for the group's market capitalisation at $20.2 billion at the close of market hours, according to stock exchange data.
Ruchika Sharma joined Medical Dialogue as an Desk Editor for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751