Torrent Pharmaceuticals Dividend: Last Day To Buy Shares — Details Here

Shares of Torrent Pharmaceuticals Ltd. experienced fluctuations on Thursday, marking the final session for investors to purchase shares to qualify for the upcoming dividend before the stock goes ex-dividend.

The record date is crucial as it determines which shareholders are eligible to receive the dividend payment. The ex-dividend date, typically coinciding with the record date, is when the share price adjusts to account for the forthcoming payout.

Torrent Pharmaceuticals Ltd. is set for a final dividend of Rs 6 per share on Friday, June 20, 2025.

On the ex-dividend date, the equity share price adjusts to reflect the next dividend payout. From this day forward, the stock does not carry the value of its upcoming dividend payment. The dividend will be payable to all shareholders whose names appear on the company's list by the end of the record date.

Due to India's T+1 settlement cycle, shares purchased on the record date (June 20) will not be eligible for the dividend payment. Therefore, investors who own shares by June 19 will be the beneficiaries

The scrip fell as much as 0.61% to Rs 3,207 apiece. It pared losses to trade 0.55% lower at Rs 3,209 apiece, as of 09:34 a.m. This compares to a 0.08% advance in the NSE Nifty 50.

It has risen 11.22% in the last 12 months. Total traded volume so far in the day stood at 0.07 times its 30-day average. The relative strength index was at 50.

Out of 33 analysts tracking the company, 20 maintain a 'buy' rating, eight recommend a 'hold' and five suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 10.7%.