Lupin shares rise 2.93% as Nifty gains

2 days ago 6

Shares of

Ltd. traded 2.93 per cent up at Rs 1088.25 on Wednesday at around 10:00AM (IST), while the benchmark BSE Sensex advanced 159.52 points to 48413.03.

As many as 24,453 shares changed hands on the counter with a total value of Rs 2.65 crore.

The stock quoted a 52-week high price of Rs 1121.85 and a 52-week low of Rs 808.5.

On the technical charts, the 200-DMA of the stock stood at Rs 991.56, while 50-DMA was at Rs 1039.65. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 31.71 per cent in the past one year, while Sensex has risen 43.58 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 43.1 and a price-to-book ratio of 2.13. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Pharma - Indian industry.

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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