Aurobindo Pharma shares up 1.68% as Nifty gains

NEW DELHI: Shares of Aurobindo Pharma Ltd. traded 1.68 per cent up in Wednesday's trade at 10:05AM (IST). Around 13,096 shares changed hands on the counter.

The scrip opened at Rs 452.05 and touched an intraday high and low of Rs 460.8 and Rs 452.05, respectively, in the session so far. The stock of Aurobindo Pharma Ltd. quoted a 52-week high of Rs 730.0 and a 52-week low of Rs 397.3.

As per BSE, the total market cap of the Aurobindo Pharma Ltd. stood at Rs 26929.74 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 6499.78 crore for the quarter ended 31-Dec-2022, up 12.13 per cent from previous quarter's Rs 5796.56 crore and up 7.13 per cent from the year-ago quarter's Rs 6067.21 crore.

The net profit for latest quarter stood at Rs 491.26 crore, down 18.76 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2022, domestic institutional investors held 7.5 per cent stake in the firm, while foreign institutional investors held 22.32 per cent and the promoters 48.76 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 13.48 and a price-to-book ratio of 1.59. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Aurobindo Pharma Ltd. belongs to the Pharma - Indian industry.