The average price target of brokerages compiled by Bloomberg is ₹2,159, implying an upside of 12% from Monday’s closing.
Citi said Torrent is one of their preferred stocks in the Indian pharma sector. HSBC Global, which trimmed its target price to ₹2,200 from ₹2,250, retained its buy rating on the stock citing optimism over its branded generics business.
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