Lupin shares gain 0.49% as Sensex rises
Lupin Ltd. traded 0.49 per cent up at Rs 941.9 at 12:58PM (IST) on Tuesday, even as BSE benchmark Sensex gained 39.54 points to 66424.32. The stock had settled at Rs 937.4 in the previous session.
The stock quoted a 52-week high price of Rs 947.35 and 52-week low of Rs 602.8, respectively. As per BSE data, total traded volume on the counter till 12:58PM (IST) stood at 14957 shares with a turnover of Rs 140.0 crore. At the current price, the stock traded at 99.78 times its trailing 12-month EPS of Rs 9.45 per share and 2.36 times its price-to-book value, BSE 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 46.79 per cent stake in the company as of 30-Jun-2023, while FIIs owned 13.94 per cent and DIIs 17.0 per cent.Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 71.29.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a'buy' or'sell' recommendation using a single valuation ratio.
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