Sell Lupin, target price Rs 850: Chandan Taparia

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

By ETMarkets.com | Updated: Nov 22, 2021, 09.43 AM IST

Promoters held 46.83 per cent stake in the company as of 30-Sep-2021, while FIIs owned 15.66 per cent, DIIs 24.46 per cent.

Chandan Taparia of Motilal Oswal Securities has sell call on Lupin Ltd. with a target price of Rs 850. The current market price of Lupin Ltd. is Rs 890.75.

Time period given by analyst is Intra Day 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 40592.59 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 30-09-2021, the company has reported a Consolidated Total Income of Rs 4164.14 Crore, down -3.11 % from last quarter Total Income of Rs 4298.02 Crore and up 7.88 % from last year same quarter Total Income of Rs 3859.96 Crore. Company has reported net profit after tax of Rs -2094.89 Crore in latest quarter.

Investment Rationale
Breached its 50 DMA and trading downwards on daily frame.

Promoter/FII Holdings
Promoters held 46.83 per cent stake in the company as of 30-Sep-2021, while FIIs owned 15.66 per cent, DIIs 24.46 per cent.

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