Lupin share price: Lupin stock price down 0.83 per cent as Sensex slides

Shares of Ltd. fell 0.83 per cent to Rs 1081.25 at 11:25AM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 228,583 shares with a turnover of Rs 24.96 crore till 11:25AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 42.73, while the price-to-book value ratio stood at 2.13.

Return on equity (ROE) was at -2.18 per cent, according to exchange data. The stock hit an intraday high of Rs 1106.35 and a low of Rs 1072.5 during the session and quoted a 52-week high price of Rs 1121.85 and a 52-week low of Rs 792.8.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.75.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 982.73 on April 22, while the 50-DMA was at Rs 1039.84. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 59.7. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2021, promoters held 93.72 per cent stake in the company, while overseas investors held 35.74 per cent and domestic institutional investors had 44.58 per cent.

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