Lupine stock price: Lupine stock price rises as Nifty weakens

Shares of Lupine Ltd. gained 0.93% to Rs 771.95 in Monday trading at 10:30 a.m. (IST). The stock reached a high of Rs 776.9 and a low of Rs 765.7 during the session.

The stock’s return on equity (ROE) was 8.93%. The volume traded over the counter stood at 10:30 a.m. and the turnover was Rs 1.32 crore at that time. The share of Lupine Ltd. indicated a 52 week high price of Rs 1267.5 and a 52 week low price of Rs 678.65 respectively.

The stock’s beta, which measures its volatility relative to the broader market, was 0.75.

Promoter/Fii Holding

Promoters held 46.53% of the company’s capital as of December 31, 2021, while FIIs held 15.28% and domestic institutional investors 13.26%.

Key financial data

The company reported consolidated sales of Rs 4,194.99 crore for the quarter ended December 31, 2021, up 0.74% from Rs 4,164.14 crore in the previous quarter and up 3.87% from at Rs 4038.53 crore in the prior year quarter. Net profit after tax for the last quarter stood at Rs 545.52 crore, up 24.48% from the same quarter a year ago.


Techniques
The MACD signaled a bullish bias on the meter. The MACD is known to signal trend reversals in traded securities or indices.

It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is drawn above the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see downward movement and vice versa.

Eleanor C. William