Saturday, November 26, 2022
HomeNEWSLupin Share Price: Lupin shares drop 0.37% as Sensex rises

Lupin Share Price: Lupin shares drop 0.37% as Sensex rises

Shares of . traded 0.37 per cent lower in Wednesday’s session at 01:24PM (IST). The stock opened at Rs 680.05 and has touched an intraday high and low of Rs 685.0 and Rs 674.05, respectively, during the session so far.

The stock quoted a 52-week high of Rs 979.25 and a 52-week low of 583.05. About 16,214 shares changed hands on the counter so far.

Benchmark Nifty50 was up 71.85 points at 17055.4, while the BSE Sensex traded 269.13 points higher at 57416.45 at the time of writing of this report.

In the Nifty pack, 35 stocks traded the day in the green, while 15 were in the red.

Key Financials

For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 3749.4 crore, down 3.83 per cent from the previous quarter’s Rs 3898.71 crore and down 12.76 per cent from the year-ago quarter. The company reported net loss of Rs 89.08 crore for the latest quarter.


Promoter Holdings

Promoters held 47.1 per cent stake in the company as of 30-Jun-2022, while FIIs held 14.27 per cent and MFs 15.86 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 725.21 on October 12, while the 50-DMA was at Rs 670.91. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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