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    Lupin shares down 0.04% as Nifty gains

    Synopsis

    A total of 45,385 shares changed hands on the counter till 01:47PM (IST).

    Once equity investing is viewed as a viable alternative to savings in the form of assets like property, gold and bank deposits, we may witness a spread of liquidity to a broader set of stocks.

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    NEW DELHI: Shares of Ltd. traded 0.04 per cent down in Tuesday's trade at 01:47PM (IST). Around 45,385 shares changed hands on the counter.

    The counter opened at Rs 1205.0 and touched an intraday high and low of Rs 1205.0 and Rs 1183.0, respectively, in the session so far. Shares of the company of Lupin Ltd. quoted a 52-week high of Rs 1246.3 and a 52-week low of Rs 828.65.

    Total market cap of the Lupin Ltd. stood at Rs 53985.67 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 3841.32 crore for the quarter ended 31-Mar-2021, down 4.88 per cent from previous quarter's Rs 4038.53 crore and down 5.25 per cent from the year-ago quarter's Rs 4054.34 crore.

    The net profit for latest quarter stood at Rs 460.36 crore, up 18.15 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 31-Mar-2021, domestic institutional investors held 13.05 per cent stake in the company, while foreign institutional investors held 17.87 per cent and the promoters 46.86 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 44.38 and a price-to-book ratio of 2.13. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

    Lupin Ltd. belongs to the Pharma - Indian industry.
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