Friday 3 August 2018

Torrent Pharma rallies 8% on good Q1 results

Torrent Pharmaceuticals has rallied 8% to Rs 1,652, also its 52-week high on the BSE after the company reported a better-than-expected 37% year-on-year (YoY) growth in its consolidated revenues at Rs 18.72 billion in June quarter (Q1FY19). The company’s India business recorded 79% YoY growth and US business posted 23% YoY growth during the quarter.


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