Buy Lupin, target price Rs 1300: Emkay Global

Emkay Global has buy call on Lupin with a target price of Rs 1300. The current market price of Lupin Ltd. is Rs 983.
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 44511.98 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 30-06-2021, the company reported a Consolidated Total Income of Rs 4298.02 Crore, up 11.89 % from last quarter Total Income of Rs 3841.32 Crore and up 20.35 % from last year same quarter Total Income of Rs 3571.14 Crore. Company reported net profit after tax of Rs 548.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 46.8 per cent stake in the company as of June 30, 2021, while FIIs held 18.7 per cent, DIIs 21.7 per cent and public and others 12.8 per cent.