Lupin shares drop 3.72% as Sensex falls

Lupin shares drop 3.72% as Sensex falls
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Synopsis

The stock quoted a 52-week high of Rs 1267.5 and a 52-week low of Rs 856.0.

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India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
Shares of Ltd. traded 3.72 per cent lower in Friday's session at 12:50PM (IST). The stock opened at Rs 969.0 and has touched an intraday high and low of Rs 969.0 and Rs 935.3, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1267.5 and a 52-week low of 856.0. About 79,319 shares changed hands on the counter so far.

Benchmark Nifty50 was down 108.15 points at 16460.70, while the BSE Sensex traded 244.96 points lower at 55384.53 at the time of writing of this report.

Did you Know?

Stock score of Lupin Ltd moved down by 2 in a week on a 10-point scale.

View Latest Stock Report »

In the Nifty pack, 10 stocks traded the day in the green, while 40 were in the red.


Key Financials
For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 4298.02 crore, up 11.89 per cent from the previous quarter's Rs 3841.32 crore and up 20.35 per cent from the year-ago quarter. The company reported net profit of Rs 542.46 crore for the latest quarter.

Promoter Holdings
Promoters held 46.84 per cent stake in the company as of 30-Jun-2021, while FIIs held 18.6 per cent and MFs 11.43 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1062.2 on August 20, while the 50-DMA was at Rs 1131.31. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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