Lupin shares down 0.24% as Nifty gains

NEW DELHI: Shares of Lupin Ltd. traded 0.24 per cent down in Tuesday's trade at 10:56AM (IST). Around 19,765 shares changed hands on the counter.

The stock opened at Rs 1595.05 and touched an intraday high and low of Rs 1608.55 and Rs 1584.85, respectively, in the session so far. Shares of the company of Lupin Ltd. quoted a 52-week high of Rs 1701.0 and a 52-week low of Rs 628.1.

As per BSE, the total market cap of the Lupin Ltd. stood at Rs 72396.92 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 5226.78 crore for the quarter ended 31-Dec-2023, up 2.91 per cent from previous quarter's Rs 5078.96 crore and up 20.43 per cent from the year-ago quarter's Rs 4340.18 crore.

The net profit for latest quarter stood at Rs 613.12 crore, up 299.5 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 18.92 per cent stake in the company, while foreign institutional investors held 16.11 per cent and the promoters 46.76 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 40.43 and a price-to-book ratio of 2.36. 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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