Lupin shares down 0.16% as Nifty drops
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Synopsis
A total of 9,616 shares changed hands on the counter till 11:36AM (IST).
Total market cap of the Lupin Ltd. stood at Rs 80352.14 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.
As of 31-Mar-2024, DIIs held 16.82 per cent stake in the firm, while foreign institutional investors held 18.29 per cent and the promoters 47.01 per cent.
Stocks Recommendations
According to BSE data, the stock traded at a P/E multiple of 41.98 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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