Torrent Pharma can go above Rs 1000: SP Tulsian

Torrent Pharma can go above Rs 1000, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "Torrent Pharmaceuticals is a Torrent Group company. They have very good presence in the formulation and APA segment having three plants in Gujarat, Himachal Pradesh and Sikkim. The financial performance has been fabulous for first half of the company. They had an EPS of close to about Rs 25 against Rs 34 EPS in whole of FY12 with PAT of close to about Rs 210 crore in the first half of FY13 against Rs 260-270 crore which they had in FY12."
He further added, "Going forward for FY13 definitely the EPS is likely to be close to about 50 plus but FY14 is going to show big growth in terms of top line, it is likely to be at about 15-16 percent but on bottomline I am expecting a growth of 20 percent plus, so FY14 should see an EPS of close to about Rs 60.”
“If you go by the share price now at Rs 730, very high promoter stake of 72 percent, debt free status of the company, I find this stock quiet cheap and may be for 12-15 months one can expect a price of Rs 1000 plus but for six months, I have given a target of Rs 850 on the stock." Disclosure: I have no holdings in the above stock.