Buy Lupin, target price Rs 1165: ICICI Direct

ICICI Direct has buy call on Lupin Ltd. with a target price of Rs 1165. The current market price of Lupin Ltd. is Rs 1115.4.
Lupin Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 50629.93 Crore) operating in Pharmaceuticals sector.

Lupin Ltd. key Products/Revenue Segments include Pharmaceuticals, Other Services, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 4836.89 Crore, up 8.27 % from last quarter Total Income of Rs 4467.35 Crore and up 29.00 % from last year same quarter Total Income of Rs 3749.40 Crore. Company reported net profit after tax of Rs 453.33 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 47.07 per cent stake in the company as of 30-Jun-2023, while FIIs owned 13.93 per cent, DIIs 28.94 per cent.