Lupin stock hits a high: Rakesh Jhunjhunwala holds 1.6 % stakes in lupin shares
One of the pharma stocks Lupin, which contributes to the portfolio of the ace investor Rakesh Jhunjhunwala touch the highest in his 52 weeks. Almost all the traders and investors of the share market follow the renowned big investor Rakesh Jhunjhunwala. The recent month’s actions and pattern of Rakesh Jhunjhunwala have been quite surprising. As he invested in some big companies whereas also drew back his investment from others. Especially his portfolio includes some companies about which people hardly advise for investing. But after his actions, these stocks accelerate and join the race. Some of these companies include titans, Tata Communications, Ion Exchange.
He owns 1.6 % of stakeholders in Lupin stock. Jhunjhunwala per day earning with this stock for 11 sessions was Rs.18.4 crore. Amid the rising market, Lupin’s share hit a yearly high of Rs. 1,209.95 yesterday. While on BSE against the previous close of Rs 1,057.25, the share rose 14.44% to Rs 1,209.95. The share price closed at Rs.1060 on NSE.
Lupin share stands higher than 5-day, 20-day, 50-day, 100 day and 200-day moving averages. Since the beginning of this year, pharma stock profited 45.3% in a year and hit a risen of 23%.
Lupin Share Turnover :
The turnover of Rs 146.92 crore was made after the trade on BSE from the total amount of Rs.12.62 lakh shares. The Big Bull holds 72,45,605 Lupin stakes according to the pattern of shareholding by Lupin. On BSE the firm market cap rose to Rs 49,214 crore. The Lupin share lowest hit was Rs 808.50 and on BSE in the end, closed 13.55% or Rs 143.25 higher. In the previous fiscal, the net profit of Rs.438.25 crore was made by the pharma firm. Whereas the net loss of Rs 835 crore was made in the opposite period. Moreover, the Q4 earnings of lupin will be announced on May 13.
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