Buy Lupin, target price Rs 1100: Emkay Global

Emkay Global has buy call on Lupin Ltd. with a target price of Rs 1100. The current market price of Lupin Ltd. is Rs 738.1. Time period given by analyst is one year when Lupin Ltd. price can reach defined target.

Lupin Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 33653.72 Crore) operating in Pharmaceuticals sector.

Lupin Ltd. key Products/Revenue Segments include Pharmaceuticals, Export Incentives, Other Operating Revenue and Other Services for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 4194.99 Crore, up .74 % from last quarter Total Income of Rs 4164.14 Crore and up 3.87 % from last year same quarter Total Income of Rs 4038.53 Crore. Company reported net profit after tax of Rs 549.06 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 46.81 per cent stake in the company as of 31-Dec-2021, while FIIs owned 15.28 per cent, DIIs 24.83 per cent.