Lupin share price up 1.8 per cent

Shares of Lupin Ltd. traded 1.8 per cent up at Rs 1634.55 at around 10:15AM (IST) on Friday. The stock had closed at Rs 1605.5 in the previous session. Equity benchmark Sensex traded 444.9 points lower at 74593.25 around the same time.

The scrip has climbed 140.62 per cent in the last one year till date, while the 30-share index has gained 24.69 per cent during the same period.

The stock's 52-week high price stood at Rs 1703.8 and the 52-week low price at Rs 655.75.

Trading volume on the counter stood at 20,952 shares, while it quoted a price-to-earnings ratio of 41.21, an EPS value of 39.3 and a price-to-book value of 2.36. In the Nifty50 pack, 16 stocks traded in the green, while 34 stocks were in the red.

Promoter/FII Holding
Promoters held 47.01 per cent stake in the company as of 31-Mar-2024, while overseas investor and mutual funds' ownership stood at 18.29 per cent and 16.82 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 5226.78 crore, up 2.91 per cent from the previous quarter's Rs 5078.96 crore and up 20.43 per cent from the year-ago quarter's Rs 4340.18 crore. The company reported net profit of Rs 613.12 crore for the latest quarter.

Technical Indicators

The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.