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As of 31-Mar-2023, promoters held 0.0 per cent stake in the company, while FIIs held 39.63 per cent and domestic institutional investors had 33.18 per cent.

The Relative Strength Index of the stock stood at 67.14 on Wednesday.

Torrent Pharmaceuticals., incorporated in the year 1972, is a Large Cap company (having a market cap of Rs 60244.98 Crore) operating in Pharmaceuticals sector.

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​So, one problem is in a way out of the way and alongside which we have also seen actually interest rates presumably going into a bit of a pause mode as far as we can understand and which is again a little better than our expectations because that was supposed to come about more in the second half of the year which basically means that PE multiple decline from year essentially is arrested and that problem at one level is out of the way.

​Meanwhile, the markets have taken a somewhat dim view already about businesses associated with rural demand or associated with monsoon and have kind of been punished in the recent weeks, given certain initial indications.

A total of 24,387 shares changed hands on the counter till 12:40PM (IST)

Yes, by the fourth quarter, we will be EBITDA neutral and I think that we are working towards that. Most of our expenditure has already been incurred and as the revenues pick up, we will be EBITDA neutral.

The stock quoted a 52-week high price of Rs 143.35 and a 52-week low of Rs 84.0.

The company reported net profit of Rs 193 crore during the corresponding period of the previous year. Revenue from Operations at Rs 2,053 crore, up by 19% YoY.