The Economic Times daily newspaper is available online now.

    Reduce Lupin, target price Rs 626: ICICI Securities

    Synopsis

    Lupin Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 33693.66 Crore) operating in Pharmaceuticals sector.

    LupinAgencies
    Promoters held 47.11 per cent stake in the company as of 30-Sep-2022, while FIIs owned 14.27 per cent, DIIs 27.49 per cent.
    ICICI Securities has reduce call on Lupin with a target price of Rs 626. The current market price of Lupin Ltd. is Rs 743.25.

    Lupin Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 33693.66 Crore) operating in Pharmaceuticals sector.

    Lupin Ltd. key Products/Revenue Segments include Pharmaceuticals, Other Services, Other Operating Revenue and Export Incentives for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 4160.46 Crore, up 10.96 % from last quarter Total Income of Rs 3749.40 Crore and down -.09 % from last year same quarter Total Income of Rs 4164.14 Crore. Company reported net profit after tax of Rs 134.47 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 47.11 per cent stake in the company as of 30-Sep-2022, while FIIs owned 14.27 per cent, DIIs 27.49 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in