Share price of Lupin falls as Sensex drops 964.5 points
Lupin Ltd. dropped 0.96 per cent to Rs 2200.05 at 12:48PM (IST) in Monday's trade. The scrip has hit a high of Rs 2217.7 and low of Rs 2171.25 so far during the session. The stock had closed at Rs 2221.5 in the previous session.
The counter has had a total traded volume of 26947 shares so far with a value of Rs 5.91 crore on the NSE. It traded at a price-to-earnings multiple of 44.33 and a price-to-book ratio of 5.16.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 87.79 per cent during the past one year, while the 30-share index advanced 24.72 per cent during the same period.
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