Overweight on Lupin, target price Rs 2,500: Axis Securities

Axis Securities has overweight call on Lupin with a target price of Rs 2,500. The current market price of Lupin is Rs 2,216. Lupin, incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 100597.86 Crore) operating in Pharmaceuticals sector.

Lupin key products/revenue segments include pharma, other services, export incentives, Other operating revenue and scrap for the year ending 31-Mar-2024.

Financials

For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 5,668.11 Crore, up 13.59 % from last quarter Total Income of Rs 4,990.04 Crore and up 17.19 % from last year same quarter Total Income of Rs 4,836.89 Crore. Company has reported net profit after tax of Rs 805.54 Crore in latest quarter.


Promoter/FII Holdings

Promoters held 46.98% stake in the company as of 30-Jun-2024, while FIIs owned 19.32%, DIIs 26.62%.