Lupin shares drop 0.61% as Sensex rises
Lupin Ltd. traded 0.61 per cent down at Rs 1389.25 at 12:43PM (IST) on Friday, even as BSE benchmark Sensex gained 48.32 points to 71895.89.
The stock had closed at Rs 1397.9 in the previous session.
The stock quoted a 52-week high price of Rs 1429.95 and 52-week low of Rs 628.1, respectively. As per BSE data, total traded volume on the counter till 12:43PM (IST) stood at 35451 shares with a turnover of Rs 4.97 crore.
At the current price, shares of the company traded at 47.53 times its trailing 12-month earnings per share of Rs 29.24 per share and 2.36 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.75.
Shareholding Details
Promoters held 46.77 per cent stake in the company as of 30-Sep-2023, while FIIs owned 14.99 per cent and DIIs 16.71 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 69.26. The RSI oscillates between zero and 100.
