Lupin rises 1.11% as Sensex climbs

Lupin rises 1.11% as Sensex climbs
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Synopsis

The stock traded at a P/E multiple of -64.05, while the price-to-book value ratio stood at 3.36.

Reuters
On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
Shares of Ltd. traded at Rs 926.15 on BSE at 11:06AM (IST) on Monday, up 1.11 per cent from previous close.

The scrip quoted a 52-week low price of Rs 854.0 and a high of Rs 1267.5.

Earlier, the stock saw a gap up opening in the morning.

A total of 26,354 lakh shares changed hands on the counter till 11:06AM (IST).

The stock of Lupin Ltd. commanded a market value of Rs 42081.34 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of -64.05, while the price-to-book value ratio stood at 3.36. Return on equity (ROE) was at 8.93 per cent, according to exchange data.

In the BSE500 pack, 379 stocks traded in the green, while 120 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 0.75.

Promotor/FII Holding
Promoters held 46.53 per cent in Lupin Ltd. as of 31-Dec-2021 while foreign portfolio investors and domestic institutional investors owned 15.28 per cent and 13.26 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 1030.94 on January 10, while the 50-DMA was at 910.07. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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