Market

Lupin Share Price: Shares of Lupin rise as Nifty gains


Shares of . gained 0.39 per cent to Rs 631.45 in Friday’s trade as of 01:29PM (IST). It hit a high of Rs 636.5 and low of Rs 621.85 during the session.

The stock quoted a 52-week high price of Rs 1193.0 and a low of Rs 583.05. The return on equity for the stock stood at -12.57 per cent. About 40,013 shares have changed hands on the counter so far.

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



The scrip has been an underperformer, down 44.58 per cent in the past one year in comparison with a 0.33 per cent fall in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 583.05 on June 24, while the 50-DMA was at Rs 668.87. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 46.5 per cent stake in Lupin Ltd. as of 31-Mar-2022. Mutual funds and foreign institutional investors held 15.72 per cent and 14.65 per cent stake.



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