According to its note, Torrent Pharma's valuations are attractive at 15.6 times FY18 earnings per share with higher than peers returns and lower risk as Torrent's US plants have a clean FDA status and its stable India business accounts for half the profits.
The company's overseas revenue grew by 41 percent to Rs 637 crore. "In the international operations, US Businesses reported growth of 61 percent, Europe (including Heumann) grew by 59 percent, Brazil operations' growth was 26 percent and rest of the world, including Russia, CIS, Mexico and Canada grew by 9 percent," the company statement said.
Aditya Birla Nuvo | Emami | Marg | Khaitan Electricals | NTPC | Jet Airways | Coal India | Reliance Capital | Shree Ganesh Jewellery | Bajaj Auto and Neyveli Lignite are stocks, which are in the news today.
With plans of creeping in share acquisition, promoters of Elder Pharmaceuticals have entered in talks with some Japanese companies to supply bulk drugs. The company would start marketing the products in Japan in the next three to four months.