Lupin shares up 0.63% as Nifty gains

Lupin shares up 0.63% as Nifty gains
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Synopsis

A total of 15,319 shares changed hands on the counter till 11:01AM (IST).

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
NEW DELHI: Shares of Lupin Ltd. traded 0.63 per cent up in Friday's trade at 11:01AM (IST). Around 15,319 shares changed hands on the counter.

The scrip opened at Rs 739.5 and touched an intraday high and low of Rs 747.9 and Rs 739.35, respectively, in the session so far. Shares of the company of Lupin Ltd. quoted a 52-week high of Rs 1267.5 and a 52-week low of Rs 678.65.

Total market cap of the Lupin Ltd. stood at Rs 33749.1 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 4194.99 crore for the quarter ended 31-Dec-2021, up 0.74 per cent from previous quarter's Rs 4164.14 crore and up 3.87 per cent from the year-ago quarter's Rs 4038.53 crore.

The net profit for latest quarter stood at Rs 545.52 crore, up 24.48 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2021, DIIs held 13.26 per cent stake in the company, while foreign institutional investors held 15.28 per cent and the promoters 46.81 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of -61.4 and a price-to-book ratio of 3.36. 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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