Share price of Lupin jumps as Sensex drops 279.61 points

economictimes.indiatimes.com:

Lupin Ltd. gained 0.63 per cent to Rs 1565.05 at 11:11AM (IST) in Friday's trade. The counter hit a high of Rs 1578.35 and low of Rs 1531.15 so far during the session. The stock had closed at Rs 1555.1 in the previous session.
The counter had a total traded volume of 11:11AM shares so far with a turnover of Rs 1.14 crore on BSE. The stock traded at a price-to-earnings multiple of 37.09 and a price-to-book ratio of 5.16.

A higher price-to-earnings 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 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.
Promotor/FII Holding Promoters held 47.01 per cent stake in the company as of 31-Mar-2024, while FIIs and domestic institutional investors ownership stood at 18.29 per cent and 27.69 per cent, respectively.
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 the previous quarter's Rs 5226.78 crore and down 11.7 per cent from the year-ago quarter's Rs 4467.35 crore.
Its profit for the latest quarter stood at Rs 359.43 crore, up 52.33 per cent from the same quarter a year ago.