Lupin shares drop 2.39% as Sensex falls
Lupin Ltd. traded 2.39 per cent down at Rs 1379.0 at 01:36PM (IST) on Tuesday, even as BSE benchmark Sensex dropped 333.8 points to 72994.14.
The stock had closed at Rs 1412.8 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 1422.1 and Rs 628.1, respectively.
As per BSE data, total traded volume on the counter till 01:36PM (IST) stood at 01:36PM shares with turnover at Rs 2.09 crore.
At the prevailing price, the stock trades at 47.89 times its trailing 12-month earnings per share of Rs 29.24 per share and 2.36 times its price-to-book value, the 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 is the measure of the price that investors are ready to pay even for no growth in the business.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.75.
Shareholding Details Promoters held 47.04 per cent stake in the company as of 31-Dec-2023, while FIIs owned 16.11 per cent and DIIs 29.58 per cent.
