Torrent Pharma shares hit 52-week high on successful inspection by USFDA

The share price gained 80 percent in last one-year.

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The share price of Torrent Pharma hit a 52-week high of Rs 2,745.55 in the opening trade on March 6 after a successful inspection by the US FDA.

At 09:38am, the stock of Torrent Pharmaceuticals was quoting Rs 2,700.00, up Rs 37.80, or 1.42 percent, on the BSE.

The USFDA has issued an establishment inspection report (EIR) for company’s Gujarat manufacturing facility and the inspection has now been successfully closed by the regulator.

The USFDA conducted pre-approval inspection (PAI) at the company’s oral-oncology manufacturing facility in Bileshwarpura, Gujarat, from December 5, 2023 to December 11, 2023.

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The company in the quarter ended December 2023 had posted a 56.5 percent jump in its net profit to Rs 443 crore.

The share price gained 80 percent in last one-year.