Trending stocks: Lupin shares rise over 1%

NEW DELHI: Shares of Lupin Ltd. traded 1.36 per cent up in Wednesday's trade at 10:38AM (IST). Around 44,197 shares changed hands on the counter.

The scrip opened at Rs 880.0 and touched an intraday high and low of Rs 885.35 and Rs 873.0, respectively, in the session so far. The stock of Lupin Ltd. quoted a 52-week high of Rs 919.0 and a 52-week low of Rs 505.0.

Total market cap of the Lupin Ltd. stood at Rs 39945.37 crore at the time of writing this report.

The drug maker said it has received approval from the US health regulator to market Meloxicam capsules, used to treat osteoarthritis pain, in the American market.

Key Financials
The company reported consolidated net sales of Rs 3791.0 crore for the quarter ended 31-Mar-2020, up 2.02 per cent from previous quarter's Rs 3716.09 crore and up 12.37 per cent from the year-ago quarter's Rs 4325.93 crore.

The net profit for latest quarter stood at Rs 389.63 crore, up 34.56 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 10.14 per cent stake in the firm, while foreign institutional investors held 22.68 per cent and the promoters 46.64 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of -148.28 and a price-to-book ratio of 3.18. 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.