Lupin shares gain 0.07% as Sensex falls

Lupin shares gain 0.07% as Sensex falls
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Synopsis

On the technical charts, the RSI of the stock stood at 45.38.

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The price band may move up or down to the extent of 20 per cent of the floor price and the cap price is revised accordingly.
Shares of Ltd. traded 0.07 per cent up at Rs 1177.65 at 11:28AM (IST) on Thursday, even as BSE benchmark Sensex dropped 91.5 points to 52410.48.

The stock had settled at Rs 1176.85 in the previous session. The stock quoted a 52-week high price of Rs 1267.5 and 52-week low of Rs 828.65, respectively. As per BSE data, total traded volume on the counter till 11:28AM (IST) stood at 29665 shares with a turnover of Rs 3.48 crore.

At the current price, shares of the company traded at 43.94 times its trailing 12-month EPS of Rs 26.81 per share and 2.13 times its price-to-book value, exchange data showed.

Did you Know?

Stock score of Lupin Ltd moved down by 1 in a week.

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A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.

Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.75.

Shareholding Details

Promoters held 46.58 per cent stake in the company as of 31-Mar-2021, while FIIs owned 17.87 per cent and DIIs 13.05 per cent.

Technicals
On the technical charts, the relative strength index (RSI) of the stock stood at 45.38. 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. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a'buy' or'sell' recommendation using a single valuation ratio.

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