Lupin share price: Neutral on Lupin, target price Rs 1320: Motilal Oswal
Lupin Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 54321.39 Crore) operating in Pharmaceuticals sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3841.32 Crore, down -4.88 % from last quarter Total Income of Rs 4038.53 Crore and down -5.25 % from last year same quarter Total Income of Rs 4054.34 Crore. Company reported net profit after tax of Rs 464.20 Crore in latest quarter.
Investment Rationale
The brokerage values LPC at 25x 12-month forward earnings to arrive at TP of INR1,320/share. Downgrade to Neutral as current valuation adequately factors the potential upside in earnings over next 2 years.
Promoter/FII Holdings
Promoters held 46.9 per cent stake in the company as of March 31, 2021, while FIIs held 17.9 per cent, DIIs 22.6 per cent and public and others 12.7 per cent.
(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)
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