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Lupin Gains 3%; BSE HEALTHCARE Index Up 0.5%
Thu, 8 Aug 14:16

Lupin Gains 3%; BSE HEALTHCARE Index Up 0.5%Image source: ipopba/www.istockphoto.com

Lupin share price has zoomed 3% and is presently trading at Rs 2,056.2.

Meanwhile, the BSE HEALTHCARE index is at 41,023.2 (up 0.5%).

Among the top gainers in the BSE HEALTHCARE index today are ALKEM LABORATORIES (up 3.5%) and ERIS LIFESCIENCES (up 3.4%).

CAPLIN POINT (down 4.3%) and Abbott India (down 3.4%) are among the top losers today.

Over the last one year, Lupin has moved up from Rs 1,081.4 to Rs 2,056.2, registering a gain of Rs 974.8 (up 90.1%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,300.0 to 41,023.2, registering a gain of 45.0% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 114.5%), GSK Pharma (up 106.9%) and GRANULES INDIA (up 104.8%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 78,995.9 (down 0.6%).

The top losers among the BSE Sensex today are Infosys (down 3.0%) and Power Grid Corp. (down 3.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,154.6 (down 0.6%). LTIMINDTREE and Grasim Industries are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 78,995.9, registering a gain of 13,042.4 points (up 19.8%).

Lupin Financial Update...

Lupin net profit grew 77.7% YoY to Rs 8,055 million for the quarter ended June 2024, compared to a profit of Rs 4,533 million a year ago. Net sales rose 16.3% to Rs 56,003 million during the period as against Rs 48,141 million in April-June 2023.

For the year ended March 2024, Lupin reported 332.3% increase in net profit to Rs 19,356 million compared to net profit of Rs 4,477 million during FY23. Revenue of the company grew 20.2% to Rs 200,108 million during FY24.

The current Price to earnings ratio of Lupin, based on rolling 12 month earnings, stands at 41.0.

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