Share price of Lupin jumps as Sensex drops 181.44 points
A total of 19,519 shares changed hands on the counter till 11:11AM (IST)
Share price of gained 2.07 per cent to Rs 1673.1 at 11:11AM (IST) in Thursday's trade. The stock hit a high of Rs 1677.5 and low of Rs 1646.1 so far during the session. The stock had closed at Rs 1639.1 in the previous session.The counter had a total traded volume of 11:11AM shares so far with a turnover of Rs 3.24 crore on . The stock traded at a price-to-earnings multiple of 40.44 and a price-to-book ratio of 5.16.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
belongs to the Pharma - Indian industry.
Promotor/FII Holding
Promoters held 47.01 per cent stake in the company as of 31-Mar-2024, while overseas investors and domestic institutional investors ownership stood at 18.29 per cent and 27.69 per cent, respectively.
Key Financials
The company reported consolidated sales of Rs 4990.04 crore for the quarter ended 31-Mar-2024, down 4.53 per cent from the previous quarter's Rs 5226.78 crore and down 11.7 per cent from the year-ago quarter's Rs 4467.35 crore.
Its profit for the latest quarter stood at Rs 359.43 crore, up 52.33 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
