Lupin shares up 0.49% as Sensex rises
A total of 6,641 shares changed hands on the counter till 12:22PM (IST)
Shares of gained 0.49 per cent to Rs 1653.55 in Thursday's session as of 12:22PM (IST) even as the equity benchmark traded 258.12 points higher at 74740.9.Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 1703.8 and a 52-week low of Rs 702.2 on . Around 6641 shares changed hands on the counter till 12:22PM (IST).
The stock opened at Rs 1648.0 and has touched an intraday high and low of Rs 1660.55 and Rs 1644.95 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 40.44, earnings per share (EPS) of Rs 39.3 and price to book value (PB) of 2.36, while the return on equity (ROE) stood at Rs 3.49.
Promoter/ FII Holding
The promoters held 47.01 per cent stake in the company as of May 02, while FII and MF ownerships stood at 18.29 per cent and 16.82 per cent, respectively.
Key Financials
With a market capitalisation of Rs 74991.4 crore, the company operates in the Pharma - Indian industry. 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 same quarter a year ago. The company reported net profit of Rs 613.12 crore for the latest quarter, up 299.5 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 59.95. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
