Torrent Pharma Block Deal: Torrent Pharma promoters today sold 2.9 per cent stake in a block deal worth Rs 3,000. On Tuesday, the company's shares closed at Rs 3207 on NSE, down 3.31 per cent (Rs 109.70). The promoters of the company have reduced their stake in the company by selling 82.70 lakh shares at a discount of 6 percent from the market price of Rs 3207. After this block deal today, the company's shares saw a decline of up to 4 percent.
Share price fell by 4 percent due to block deal
Torrent Investments Pvt Ltd is the lead promoter of the company with 71.25% stake till September 30, 2024. Due to this block deal that happened today, there was a decline of about 4 percent in the company's shares after the market opened in the morning, after which its price on BSE reached an intraday low of Rs 3084.80. However, after the fall in the price, buying was seen in the shares, after which till 11.31 am the shares of the company were trading at a price of Rs 3134.00 with a fall of Rs 76.95 (2.40%).
Despite two days of decline, shares are close to 52 week high
Let us tell you that for the last one month, Torrent Pharma shares have not been performing very well. However, the company's shares are still trading very close to their 52 week high. Despite the fall on Tuesday and Wednesday, the company's shares are currently trading around Rs 3134, while its 52 week high is Rs 3589.95. According to BSE, the current market cap of Torrent Pharma is Rs 1,06,284.02 crore.
Share price has fallen 7.60 percent in the last 1 month
The company's share price has fallen by 7.60 percent in the last one month. But in the last one year, the company's shares have given a return of about 63 percent. Torrent Pharma has given returns of 255.94 percent to its investors in the last 5 years and 622.23 percent in the last 10 years.
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