Lupin shares gain 1.69% as Sensex falls
The stock quoted a 52-week high of Rs 1703.8 and a 52-week low of Rs 628.1.
Shares of traded 1.69 per cent higher in Monday's session at 11:01AM (IST). The stock opened at Rs 1670.45 and has touched an intraday high and low of Rs 1703.8 and Rs 1670.45, respectively, during the session so far.The stock quoted a 52-week high of Rs 1703.8 and a 52-week low of 628.1. About 6,899 shares changed hands on the counter so far.
Benchmark Nifty50 was down 55.35 points at 22438.2, while the BSE traded 224.09 points lower at 73895.3 at the time of writing of this report.
In the pack, 24 stocks traded the day in the green, while 26 were in the red.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 5226.78 crore, up 2.91 per cent from the previous quarter's Rs 5078.96 crore and up 20.43 per cent from the year-ago quarter. The company reported net profit of Rs 613.12 crore for the latest quarter.
Promoter Holdings
Promoters held 47.04 per cent stake in the company as of 31-Dec-2023, while FIIs held 16.11 per cent and MFs 18.92 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1187.42 on March 11, while the 50-DMA was at Rs 1525.29. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
