Lupin shares gain 0.66% as Sensex falls
Lupin Ltd. traded 0.66 per cent up at Rs 2258.05 at 10:39AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 128.57 points to 81844.48.
The stock had settled at Rs 2243.15 in the previous session. The stock quoted a 52-week high price of Rs 2312.0 and 52-week low of Rs 1113.0, respectively. As per BSE data, total traded volume on the counter till 10:39AM (IST) stood at 7564 shares with a turnover of Rs 1.71 crore.
At the current price, the stock traded at 45.39 times its trailing 12-month EPS of Rs 49.62 per share and 5.16 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.
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