Lupin shares rise even as Nifty weakens. Here's why

Lupin share price today: The shares hit a high price of ₹1635.0 and low of ₹1610.1 during the session.

Published on: Apr 15, 2024, 10:59:26 IST

By HT News Desk

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Lupin share price today: Shares of Lupin Ltd. gained 0.65 per cent to reach ₹1634.0 today (April 15). The shares hit a high price of ₹1635.0 and low of ₹1610.1 during the session as return on equity (ROE) for the stock stood at 3.49 per cent.

Lupin share price today: The shares hit a high price of ₹1635.0 and low of ₹1610.1 during the session.

What you need to know about Lupin share price today?

Lupin share price' Beta value that measures its volatility in relation to the broader market stood at 0.75.
As of March 31, 2024, promoters held 46.73 per cent stake in the company. Read more: Bharti Hexacom share price plunges 4%; here is the big reason why
During the same period, FIIs held 18.28 per cent and domestic institutional investors owned 16.82 per cent stake in the company.
Lupin Ltd. registered consolidated sales of ₹5226.78 crore for the quarter ended December 31, 2023. This was up 2.91 per cent from previous quarter's ₹5078.96 crore and rose 20.43 per cent from the year-ago quarter's ₹4340.18 crore. Read more: Byju Raveendran says 'start of leaner company' as edtech’s CEO Arjun Mohan quits
In the same period, net profit after tax for the latest quarter for the company stood at ₹613.12 crore.
The net profit after tax was up 299.5 per cent from the same quarter a year ago. Read more: Q4 Results schedule: Infosys, Wipro, Tata Com to HDFC Bank — here is what you need to know
The MACD signalled a bullish bias on the counter.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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Lupin shares rise even as Nifty weakens. Here's why

Lupin share price today: The shares hit a high price of ₹1635.0 and low of ₹1610.1 during the session.

Read more: Sensex crash today: Investors lose 5 lakh crore in 15 minutes as Sensex falls 800 points. Here's why

What you need to know about Lupin share price today?