Lupin shares up 0.52% as Nifty drops
Lupin Ltd. traded 0.52 per cent up in Wednesday's trade at 11:31AM (IST). Around 8,398 shares changed hands on the counter.
The stock opened at Rs 2220.75 and touched an intraday high and low of Rs 2263.5 and Rs 2205.25, respectively, in the session so far. Shares of the company of Lupin Ltd. quoted a 52-week high of Rs 2272.0 and a 52-week low of Rs 1091.8.
As per BSE, the total market cap of the Lupin Ltd. stood at Rs 102704.19 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 5668.11 crore for the quarter ended 30-Jun-2024, up 13.59 per cent from previous quarter's Rs 4990.04 crore and up 17.19 per cent from the year-ago quarter's Rs 4836.89 crore.
The net profit for latest quarter stood at Rs 801.31 crore, up 77.18 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Jun-2024, domestic institutional investors held 16.23 per cent stake in the firm, while foreign institutional investors held 19.32 per cent and the promoters 46.7 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 45.38 and a price-to-book ratio of 5.16. 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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