Trending stocks: Aurobindo Pharma shares up nearly 2%

NEW DELHI: Shares of Aurobindo Pharma Ltd. traded 1.68 per cent up in Wednesday's trade at 10:22AM (IST). Around 59,552 shares changed hands on the counter.

The stock opened at Rs 737.9 and touched an intraday high and low of Rs 750.45 and Rs 736.0, respectively, in the session so far. The stock of Aurobindo Pharma Ltd. quoted a 52-week high of Rs 757.1 and a 52-week low of Rs 281.15.

Total market cap of the Aurobindo Pharma Ltd. stood at Rs 43757.9 crore at the time of writing this report.


Aurobindo Pharma will announce its March quarter results on Wednesday.


Key Financials
The company reported consolidated sales of Rs 5799.44 crore for the quarter ended 31-Dec-2019, up 5.1 per cent from previous quarter's Rs 5518.27 crore and up 12.06 per cent from the year-ago quarter's Rs 5175.26 crore.

The net profit for latest quarter stood at Rs 705.45 crore, down 0.95 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 11.95 per cent stake in the firm, while foreign institutional investors held 22.26 per cent and the promoters 48.94 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 17.05 and a price-to-book ratio of 3.15. 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.

Aurobindo Pharma Ltd. belongs to the Pharma - Indian industry.