Diversified Torrent Group crossed USD 20 billion (Rs 1.68 lakh crore) in market capitalisation on Friday, nearly doubling the market value on the back of robust growth across businesses spanning from pharma to energy.
Torrent Group had an m-cap of USD 10.8 billion (Rs 90,230 crore) on June 6, 2023.
On Friday, two listed companies of the group, Torrent Pharmaceuticals Limited and Torrent Power Limited gained 2.22 per cent and 2.59 per cent, respectively, setting a new milestone for the group’s market capitalisation at USD 20.2 billion at the close of market hours, according to stock exchange data.
Shares of the group’s flagship Torrent Pharmaceuticals ended at Rs 2,838 each and its arm Torrent Power closed at Rs 1,492.35 apiece on the NSE.
Steady growth in the group’s market capitalisation mirrors robust financial performance, sustained growth trajectory and business expansions across verticals.
At the core of its growth strategy is the business model driven by acquisitions.
The g
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