LUPIN Plunges by 5%; BSE HEALTHCARE Index Down 0.4%
March 18, 2019 09:26 AM

LUPIN share price has plunged 5% and is presently trading at Rs 764.

Meanwhile, the BSE HEALTHCARE Index is at 14,240 (down 0.4%).

Among the top losers in the BSE HEALTHCARE Index today is LUPIN (down 5.3%).

NARAYANA HRUDAYALAYA LTD (up 1.6%) and UNICHEM LAB (up 1.1%) are among the top gainers today.

Over the last one year, LUPIN has moved down from Rs 777 to Rs 764, registering a loss of Rs 13 (down 1.7%)..

The BSE HEALTHCARE has moved up from 13,687 to 14,240, registering a gain of 553 points (up 4.0%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were DIVIS LABORATORIES (up 57.3%), PFIZER (up 46.9%) and TORRENT PHARMA (up 45.1%).

What About the Benchmark Indices?

The BSE Sensex is at 38,321 (up 0.6%). The top gainers among the BSE Sensex stocks today are POWER GRID (up 1.8%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,514 (up 0.6%). IOC (up 3.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,686 to 38,321, registering a gain of 4,635 points (up 13.6%).

LUPIN Financial Update...

LUPIN net profit down at Rs 2 billion for the quarter ended December 2018, compared to a loss of Rs 3 billion a year ago. Net Sales rose 78.0% to Rs 45.0 billion during the period as against Rs 25.3 billion in October-December 2017.

For the year ended March 2018, LUPIN reported 32.7% decrease in net profit to Rs 17.2 billion compared to net profit of Rs 25.6 billion during FY17.

Revenue of the company grew 9.7% to Rs 158 billion during FY18.

The current Price to earnings ratio of LUPIN, based on rolling 12 month earnings, stands at 40.2x.