Torrent Pharmaceuticals jumps on redeeming NCDs worth Rs 150 crore
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Torrent Pharmaceuticals is currently trading at Rs. 3127.30, up by 59.85 points or 1.95% from its previous closing of Rs. 3067.45 on the BSE.
The scrip opened at Rs. 2983.00 and has touched a high and low of Rs. 3162.40 and Rs. 2983.00 respectively. So far 4574 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3248.00 on 30-Sept-2021 and a 52 week low of Rs. 2311.30 on 19-Mar-2021.
Last one week high and low of the scrip stood at Rs. 3162.40 and Rs. 2983.00 respectively. The current market cap of the company is Rs. 52897.18 crore.
The promoters holding in the company stood at 71.25%, while Institutions and Non-Institutions held 20.25% and 8.51% respectively.
Torrent Pharmaceuticals has redeemed and repaid Secured Redeemable Non-Convertible Debentures (NCDs) of Rs 150 crore out of the total NCDs of Rs 500 crore on December 13, 2021.
Torrent Pharmaceuticals is Flagship Company of the Torrent group, a leader in cardiovascular and central nervous system segments. It also has presence in gastro-intestinal, diabetology, anti-infective and pain management segments.
