Lupin shares up 2.52% as Nifty gains

economictimes.indiatimes.com:

Lupin Ltd. traded 2.52 per cent up in Friday's trade at 11:00AM (IST). Around 13,857 shares changed hands on the counter.
The scrip opened at Rs 1622.15 and touched an intraday high and low of Rs 1649.95 and Rs 1617.95, respectively, in the session so far. The stock of Lupin Ltd. quoted a 52-week high of Rs 1727.9 and a 52-week low of Rs 805.4.

As per BSE, the total market cap of the Lupin Ltd. stood at Rs 73917.95 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 4990.04 crore for the quarter ended 31-Mar-2024, down 4.53 per cent from previous quarter's Rs 5226.78 crore and down 11.7 per cent from the year-ago quarter's Rs 4467.35 crore.
The net profit for latest quarter stood at Rs 359.43 crore, up 52.33 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Mar-2024, DIIs held 16.82 per cent stake in the firm, while foreign institutional investors held 18.28 per cent and the promoters 46.73 per cent.

Valuation ratio According to BSE data, the stock traded at a P/E multiple of 38.61 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.