Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Torrent Pharmaceuticals has been in a range for almost three months and it is breaking out today. Breakouts from such large ranges usually justify further momentum."
"The trader needs to understand that you are buying after 5 percent or 10 percent rally. On any intraday consolidation, it deserves a buy," he added.
At 10:36 hrs Torrent Pharmaceuticals was quoting at Rs 516.15, up Rs 40.80, or 8.58 percent. It has touched a 52-week high of Rs 534.80.
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