Sun, May 05, 2024
Brokerage Axis Securities recommends buying stocks for two weeks. These include Orient Electric, Coal India, JSW Energy among others.
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Fri, Feb 02, 2024
Torrent Pharma Q3 Results: Torrent Pharmaceuticals reported a 52 per cent increase in its consolidated profit after tax to Rs 443 crore for the third quarter ended December 2023.
Wed, Oct 25, 2023
Operating EBITDA during the period came in at Rs 825 crore, up 22 per cent YoY. In the Q2 period of the previous fiscal, operation profitability was at Rs 679 crore.
Tue, Feb 09, 2021
Torrent Pharmaceuticals reported healthy performance for Q3 FY21, led by a slightly better than expected operating performance. Revenues for the quarter stood at Rs 1995 cr, up by a meager 1.5% yoy and were in line with the estimates. The operating margins for the quarter stood at 30.4%, up by 296 bps yoy, driven by savings in the other expenses.
Thu, Jan 14, 2021
HDFC Securities see several growth catalysts across key markets and product categories (inhalers, biosimilars, complex injectables) playing out over the next 2-3 years for Indian pharma companies. The investments made over the last few years leave them well placed to capitalise on these opportunities. With cost bases pruned and operating leverage benefits, the sector is poised to grow at 21% earnings CAGR and witness ROCE improvement of 430bps to 15% over FY20- 23e.
Tue, Dec 15, 2020
Among the top 30 companies Mylan clocked the highest growth of 144% for November followed by Glenmark Pharma(+11%), IPCA Labs (+10%) and Ajanta Pharma(+10%) clocking double digit growth while Novartis, Micro, Indoco Remedies, FDC & Mankind Pharma were impacted the most. With 144% growth for the month (sales of Rs 920 m), Mylan has been the standout performer for the month primarily aided by Rs 540 mn sales contribution from its COVID treatment drug, Desrem. Notably, Desrem was the second largest selling brand in IPM for Nov20. Sun Pharma, Cipla, Cadila Healthcare, Torrent Pharma, DRL, Eris Life were among some local listed players that clocked a single digit growth.
Fri, Oct 09, 2020
CLSA believes that fundamentals for the pharma sector in 2020 are much healthier than even in 2015.
Fri, Jul 31, 2020
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.
Sun, Jun 10, 2018
CPI, WPI and IIP will be presented in upcoming week and domestic indices will move as per the performances of these indicators.
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