Torrent Pharmaceuticals announced that DigiHealth Technologies LLP, the wholly owned entity of its Indian investee entity i.e. ABCD Technologies LLP (to be renamed as IndoHealth Services LLP), has agreed to acquire 100% ownership interest in Pharmarack Technologies in tranches.

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Torrent Pharmaceuticals Ltd fell for a fifth straight session today. The stock is quoting at Rs 2421.35, down 0.84% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.49% on the day, quoting at 15172.1. The Sensex is at 51278.54, up 0.5%.Torrent Pharmaceuticals Ltd has eased around 7.18% in last one month.Meanwhile, Nifty Pharma index of which Torrent Pharmaceuticals Ltd is a constituent, has eased around 5.21% in last one month and is currently quoting at 12133.85, up 1.01% on the day. The volume in the stock stood at 1.91 lakh shares today, compared to the daily average of 3.14 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 2434, down 0.88% on the day. Torrent Pharmaceuticals Ltd jumped 13.21% in last one year as compared to a 45.07% rally in NIFTY and a 60.78% spurt in the Nifty Pharma index.

The PE of the stock is 40.26 based on TTM earnings ending December 20.

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Torrent Pharmaceuticals announced that interim dividend of Rs 20 (400%) per equity share of Rs 5 each will be paid on or around 25 February 2021.

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Torrent Pharmaceuticals announced that the Board of Directors of the Company at its meeting held on 08 February 2020, has recommended a Interim dividend of Rs.20 per share (i.e.400%), subject to the approval of the shareholders.

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