Despite the fall in the market, there is a big rise in the shares of Torrent Pharma
Dividend Stock: Along with releasing the results of the third quarter of the financial year 2024-25, companies are also paying dividends to their shareholders as per their capacity. In this connection, well-known pharma company Torrent Pharma has also declared dividend for its shareholders. Torrent Pharma, the pharma company of Torrent Group, will pay a dividend of Rs 26 on each share to its investors. Torrent Pharma has shared details regarding the dividend in an exchange filing, let us know.
Dividend money will be transferred to shareholders’ bank accounts on February 17.
The company’s board has approved a dividend of Rs 26 (520 per cent) to shareholders of each share of face value of Rs 5, Torrent Pharma said in an exchange filing dated January 24. Let us tell you that this will be an interim dividend given by the company to the shareholders. Torrent Pharma told stock market exchanges that the dividend money will be transferred to the bank accounts of shareholders on or around February 17. The company has fixed the record date for payment of this interim dividend on Friday, January 31. Torrent Pharma shares will trade ex-dividend on January 31.
Despite the fall in the market, there is a big rise in the shares of Torrent Pharma
Let us tell you that today a big decline is being seen in the Indian stock market. Despite this, Torrent Pharma shares are seeing great growth today. As of 10.41 am on Monday, the company’s shares were trading at Rs 3330.00 with a bumper gain of Rs 82.25 (2.53%). However, the shares started trading today with a decline. Till the time of writing the news, the shares of the company had reached from intraday low of Rs 3240.05 to intraday high of Rs 3360.50.
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