Lupin Ltd. shares gain 2.24% as Sensex rises

A total of 51,788 shares changed hands on the counter till 10:31AM (IST)

BCCL
Once equity investing is viewed as a viable alternative to savings in the form of assets like property, gold and bank deposits, we may witness a spread of liquidity to a broader set of stocks.
Shares of Lupin Ltd. traded 2.24 per cent up at Rs 868.0 at 10:31AM (IST) on Tuesday, even as BSE benchmark Sensex gained 156.74 points to 33460.26. The scrip had closed at Rs 848.95 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 919.0 and Rs 505.0, respectively.

As per BSE data, total traded volume on the counter till 10:31AM (IST) stood at 10:31AM shares with turnover at Rs 4.47 crore.


At the prevailing price, the stock trades at -145.79 times its trailing 12-month earnings per share of Rs -5.95 per share and 3.12 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.75.
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Shareholding Details
Promoters held 46.64 per cent stake in the company as of 31-Mar-2020, while FIIs owned 22.68 per cent and DIIs 10.14 per cent.
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