ICICI Securities recommended hold rating on Torrent Pharma with a target price of Rs 3530 in its research report dated July 29, 2025.
The company's India revenues rose by 11% YoY to Rs 1,811 crore in the April-June period.
ICICI Securities recommended hold rating on Torrent Pharma with a target price of Rs 3500 in its research report dated July 01, 2025.
At close, the Sensex was down 452.44 points or 0.54 percent at 83,606.46, and the Nifty was down 124.00 points or 0.48 percent at 25,513.80. About 2,151 shares advanced, 1,538 shares declined, and 133 shares unchanged.
Motilal Oswal recommended Neutral rating on Torrent Pharma with a target price of Rs 3430 in its research report dated June 30, 2025.
Torrent’s India business has been outperforming the domestic market
Torrent Pharma share price: The deal is expected to strengthen Torrent's market share in the Indian pharmaceutical market and diversify its platform into contract development and manufacturing.
The transaction between Torrent and JB Pharma will unfold in two distinct phases
KKR’s stake is worth approximately Rs 13,400 crore considering the J B Pharma stock’s closing price of Rs 1,802.9 per share on June 27.
Motilal Oswal recommended Neutral rating on Torrent Pharma with a target price of Rs 3410 in its research report dated January 25, 2025.
The pharmaceutical firm’s net profit stood at Rs 453 crore in the September quarter, the stock filing showed
Earlier yesterday, UltraTech Cement, Dr Reddy’s Labs, Hindustan Petroleum, Mphasis, Zee, Indus Towers, Adani Green Energy, Adani Energy Solutions, Cyient Limited, Mankind Pharma and United Spirits announced their Q3 results.
"The acquisition is expected to be completed in March 2025. Torrent has been marketing these brands since 2022 as part of an existing co-marketing agreement with Boehringer Ingelheim India," the company said in a statement.
The inspection was conducted by USFDA for Torrent's manufacturing facility at Pithampur, Madhya Pradesh between September 16-20, 2024.
As much as 1.04 crore shares, making up a 3.1 percent stake in Torrent Pharma changed hands at an over 3 percent discount from the stock's previous closing price.
The shares are likely to be sold at a floor price of Rs 3022.7 apiece, which is at a nearly six percent discount to current market price
The pharma major has refuted the findings, clarifying that a batch of Shelcal 500 drug that failed the CDSCO test has not been manufactured by the company,