Lupine stock price: Lupine shares rise 2.38% in Wednesday’s trading session

Shares of Lupine Ltd. rose 2.38% to 786.65 rupees in Wednesday’s trade at 10.40am (IST) even as the benchmark Nifty reigned at 17086.70, up 128.05 points.

The certificate had closed at Rs 768.35 in the previous session. The stock traded a 52-week low of Rs 678.65 and a high of Rs 1267.5. The company quoted a market cap of Rs 35,823.99 crore on BSE.

On BSE, 23,269 shares have changed hands on the counter so far. At its prevailing price, the share was trading at -65.17 times its 12-month EPS of Rs -12.1 per share and 3.36 times its book value. The return on equity (ROE) stood at Rs 8.93.

Key financial data

For the quarter ended December 31, 2021, Lupine Ltd. reported consolidated sales of Rs 4,194.99 crore, up 3.87% from the same quarter a year ago. The company reported a 24.48% year-on-year growth in net profit to Rs 545.52 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) for the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say that the RSI indicator should not be considered in isolation, as it may not be sufficient to take a trade call, just as a fundamental analyst cannot give a “buy” or “sell” recommendation in using a single valuation ratio.

Comments are closed.