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Lupin Plunges 3%; BSE HEALTHCARE Index Down 0.9%
Tue, 5 Nov 12:37

Lupin Plunges 3%; BSE HEALTHCARE Index Down 0.9%Image source: ThinkNeo/www.istockphoto.com

Lupin share price has plunged 3% and is presently trading at Rs 2,109.4.

Meanwhile, the BSE HEALTHCARE index is at 43,468.1 (down 0.9%).

Among the top losers in the BSE HEALTHCARE index today are FORTIS HEALTHCARE (down 3.6%) and Aurobindo Pharma (down 3.3%).

GLAND PHARMA (up 11.9%) and Procter & Gamble Health (up 6.9%) are among the top gainers today.

Over the last one year, Lupin has moved up from Rs 1,132.6 to Rs 2,109.4, registering a gain of Rs 976.8 (up 86.2%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,350.0 to 43,468.1, registering a gain of 58.9% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 228.0%), SUVEN PHARMACEUTICALS (up 132.5%) and Glenmark Pharma (up 123.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,423.7 (down 0.5%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 3.2%) and Bajaj Finance (down 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,889.1 (down 0.4%). HDFC LIFE INSURANCE and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,591.3 to 78,423.7, registering a gain of 14,832.4 points (up 23.3%).

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 42.1.


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