Aurobindo Pharma shares up 1.77% as Nifty gains

NEW DELHI: Shares of Aurobindo Pharma Ltd. traded 1.77 per cent up in Tuesday's trade at 10:46AM (IST). Around 26,869 shares changed hands on the counter.

The counter opened at Rs 609.85 and touched an intraday high and low of Rs 614.15 and Rs 604.55, respectively, in the session so far. The stock of Aurobindo Pharma Ltd. quoted a 52-week high of Rs 647.9 and a 52-week low of Rs 397.3.

Total market cap of the Aurobindo Pharma Ltd. stood at Rs 35888.74 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 6499.78 crore for the quarter ended 31-Dec-2022, up 12.13 per cent from previous quarter's Rs 5796.56 crore and up 7.13 per cent from the year-ago quarter's Rs 6067.21 crore.

The net profit for latest quarter stood at Rs 491.26 crore, down 18.76 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2023, domestic institutional investors held 7.64 per cent stake in the firm, while foreign institutional investors held 23.03 per cent and the promoters 51.83 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 17.96 and a price-to-book ratio of 1.59. 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.

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