Lupin declines 0.77% as Sensex slides

Shares of Lupin Ltd. traded at Rs 731.9 on BSE at 11:54AM (IST) on Wednesday, down 0.77 per cent from previous close.

The scrip quoted a 52-week low price of Rs 583.05 and a high of Rs 971.3.

Earlier, shares of the company saw a gap down opening in the morning.

A total of 5,303 lakh shares changed hands on the counter till 11:54AM (IST).

The stock of Lupin Ltd. commanded a market value of Rs 33291.27 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 488.21, while the price-to-book value ratio stood at 2.79. Return on equity (ROE) was at -12.74 per cent, according to exchange data.

In the BSE500 pack, 110 stocks traded in the green, while 391 stocks were in the red.

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

Promotor/FII Holding
Promoters held 46.83 per cent in Lupin Ltd. as of 30-Sep-2022 while foreign and domestic institutional investors owned 13.81 per cent and 16.44 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 691.43 on January 04, while the 50-DMA was at 735.13. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.