Torrent Pharma share price gives up early gains, falls over 2% after Q2 results; should you buy?

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    New Delhi, December 27, 2023: Torrent Pharmaceuticals share price gave up early gains to trade over 2% lower on Wednesday after the company reported a strong rise in its net profit and revenue for the second quarter of FY24. Torrent Pharma declined as much as 2.74% to 1,822.80 apiece on the BSE.

    The pharma company posted a consolidated net profit of 386 crore for the September quarter, up 24% from a year ago, while its revenue rose by 16% to 2,660 crore from 2,291 crore a year earlier.