Share price of Aurobindo Pharma jumps as Sensex drops 217.41 points

Share price of Aurobindo Pharma jumps as Sensex drops 217.41 points
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Synopsis

A total of 26,876 shares changed hands on the counter till 12:32PM (IST)

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Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
Share price of Aurobindo Pharma Ltd. gained 0.9 per cent to Rs 687.5 at 12:32PM (IST) in Wednesday's trade. The scrip hit a high of Rs 691.9 and low of Rs 677.5 so far during the session. The stock had closed at Rs 681.4 in the previous session.

The counter had a total traded volume of 12:32PM shares so far with a turnover of Rs 1.84 crore on BSE. The stock traded at a price-to-earnings multiple of 14.0 and a price-to-book ratio of 2.36.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Aurobindo Pharma Ltd. belongs to the Pharma - Indian industry.

Promotor/FII Holding
Promoters held 51.83 per cent stake in the company as of 31-Dec-2021, while FIIs and domestic institutional investors ownership stood at 22.74 per cent and 15.11 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 6067.21 crore for the quarter ended 31-Dec-2021, up 0.48 per cent from the previous quarter's Rs 6038.5 crore and up 6.63 per cent from the year-ago quarter's Rs 6498.31 crore.

Its profit for the latest quarter stood at Rs 604.73 crore, down 79.48 per cent from the same quarter a year ago.

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