Lupin shares drop 0.72% as Sensex falls
The stock quoted a 52-week high of Rs 1703.8 and a 52-week low of Rs 726.25.
Shares of traded 0.72 per cent lower in Thursday's session at 01:08PM (IST). The stock opened at Rs 1612.2 and has touched an intraday high and low of Rs 1622.9 and Rs 1596.5, respectively, during the session so far.The stock quoted a 52-week high of Rs 1703.8 and a 52-week low of 726.25. About 10,029 shares changed hands on the counter so far.
Benchmark Nifty50 was down 233.46 points at 22069.05, while the BSE traded 747.54 points lower at 72718.85 at the time of writing of this report.
In the pack, 6 stocks traded the day in the green, while 44 were in the red.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 4990.04 crore, 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. The company reported net profit of Rs 359.43 crore for the latest quarter.
Promoter Holdings
Promoters held 47.01 per cent stake in the company as of 31-Mar-2024, while FIIs held 18.29 per cent and MFs 16.82 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1330.69 on May 09, while the 50-DMA was at Rs 1618.5. 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
