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Lupin Gains 5%; BSE HEALTHCARE Index Up 0.5%
Thu, 4 Jul 11:12

Lupin Gains 5%; BSE HEALTHCARE Index Up 0.5%Image source: hudiemm/www.istockphoto.com

Lupin share price has zoomed 5% and is presently trading at Rs 1,709.1.

Meanwhile, the BSE HEALTHCARE index is at 37,614.7 (up 0.5%).

Among the top gainers in the BSE HEALTHCARE index today are GRANULES INDIA (up 2.4%) and FDC (up 2.0%).

SUVEN PHARMACEUTICALS (down 1.7%) and ERIS LIFESCIENCES (down 1.0%) are among the top losers today.

Over the last one year, Lupin has moved up from Rs 892.5 to Rs 1,709.1, registering a gain of Rs 816.6 (up 91.5%).

On the other hand, the BSE HEALTHCARE index has moved up from 25,627.6 to 37,614.7, registering a gain of 46.8% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Glenmark Pharma (up 95.3%), Lupin (up 91.5%) and Cadila Healthcare (up 89.5%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,160.9 (up 0.2%).

The top gainers among the BSE Sensex today are HCl Tech. (up 2.6%) and ICICI Bank (up 1.8%). The most traded stocks in the BSE Sensex are Tata Motors and HDFC Bank.

In the meantime, NSE Nifty is at 24,339.0 (up 0.2%). HCl Tech. and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,160.9, registering a gain of 14,955.9 points (up 22.9%).

Lupin Financial Update...

Lupin net profit grew 51.9% YoY to Rs 3,682 million for the quarter ended March 2024, compared to a profit of Rs 2,424 million a year ago. Net sales rose 12.0% to Rs 49,608 million during the period as against Rs 44,301 million in January-March 2023.

For the year ended March 2023, Lupin reported 129.7% increase in net profit to Rs 4,477 million compared to net loss of Rs 15,094 million during FY22. Revenue of the company grew 1.4% to Rs 166,417 million during FY23.

The current Price to earnings ratio of Lupin, based on rolling 12 month earnings, stands at 40.3.

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