Chandan Taparia of Motilal Oswal Securities has a buy call on
Lupin Ltd. with a target price of Rs 945.0 . The current price of Lupin Ltd. is Rs 877.25 Time period given by the analyst is Intra Day when Lupin Ltd. price can reach defined target. . Chandan Taparia recommended to keep a stoploss at Rs 843 .
Lupin Ltd., incorporated in 1983, has a market cap of Rs 39743.00 crore.
Lupin Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 10657.32 crore to sales value (93.84 per cent of total sales); Export Incentives which contributed Rs 250.66 crore to sales value (2.20 per cent of total sales) and Other Operating Revenue which contributed Rs 74.10 crore to sales value (0.65 per cent of total sales)for the year ending March 31, 2019.
For the quarter ended December 31, 2019, the company reported consolidated sales of Rs 3716.09 crore, down -13.52 per cent from last quarter sales of Rs 4296.90 crore and down -15.12 per cent from last year same quarter sales of Rs 4377.94 crore. The company reported net profit after tax of Rs -841.36 crore in the latest quarter.
Promoter/FII Holdings
Promoters held 46.92 per cent stake in the company as of third quarter ending December 31, 2019, while FIIs held 22.68 per cent, DIIs 16.55 per cent and public & others 13.85 per cent.