Lupin shares up 0.45% as Nifty gains

Lupin shares up 0.45% as Nifty gains
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Synopsis

A total of 41,453 shares changed hands on the counter till 12:51PM (IST).

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In effect, financial markets are betting that there is some reasonable approximation of normal on some foreseeable horizon.

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NEW DELHI: Shares of Ltd. traded 0.45 per cent up in Thursday's trade at 12:51PM (IST). Around 41,453 shares changed hands on the counter.

The stock opened at Rs 1205.0 and touched an intraday high and low of Rs 1205.0 and Rs 1188.2, respectively, in the session so far. The stock 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 54532.35 crore at the time of writing this report.

Key Financials
The company reported consolidated net 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 firm, 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 44.83 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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