The trend of midcap and smallcap stocks has been strong and stock specific bullishness is likely to continue
While the stock has corrected, valuations leave little room for upside
While the outlook for its key geographies is expected to improve over the medium term, the current valuation largely captures the upside, analysts said
India revenues grew 7% to stand at Rs 930 cr. Company's consolidated total revenue from operations fell marginally by under 1% to Rs 2,003 cr in Q3FY21
The firm reported an 18.32 per cent rise in its consolidated net profit to Rs 297 crore for the quarter ended in December.
Oct growth rate was 9.6%; Most big corporates saw volumes drop in November
Chronic and sub-chronic therapies, accounting for 77 per cent of India sales, are outperforming the domestic market, say analysts
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Firm's consolidated total revenue for the quarter, however, fell marginally by 0.7% to stand at Rs 2,023 crore
The company had posted a net profit of Rs 244 crore for the corresponding period of the previous fiscal, Torrent Pharmaceuticals said in a filing to BSE
TCS' stock has provided a breakout from a descending triangle pattern on the daily chart
The recent high of 11,794 would continue to act as strong resistance for the Nifty
Do these changes augur well for the future business growth plans? Analysts think so
In terms of markets, while its India revenues grew marginally by 2% on a year-on-year (YoY) basis to Rs 925 crore, up from Rs 907 crore in Q1 of FY20, its US revenues fell by 1% to Rs 373 crore
Domestic and US market revenues more or less flat, 20% drop in Brazilian revenues
Unlike peers, Torrent Pharma guided for a relatively moderate outlook across geographies, note analysts at Emkay Global Financial Services.
The company saw its total consolidated revenue in Q4FY20 at Rs 1961 crore, up by a marginal 4.69 per cent over Rs 1873 crore in Q4FY19
Corporate results will continue to pour in throughout the week. Investors will first react to HDFC's and other results that were announced over the weekend
The rebalancing is scheduled to take place on May 12 and the changes will become effective from June 1
The country accounts for 44% of overall revenues