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    Shares of Lupin Ltd. falls as Nifty drops


    On the technical charts, the 200-day moving average of the stock stood at Rs 818.22.

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    Shares of Lupin Ltd. slipped 0.07 per cent to Rs 1040.0 in Tuesday's trade as of 10:00AM (IST). It hit a high of Rs 1050.4 and low of Rs 1017.35 during the session.

    The stock quoted a 52-week high price of Rs 1121.85 and a low of Rs 505.0. The return on equity for the stock stood at -2.18 per cent. About 49,687 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 outperformer, up 37.04 per cent in the past one year in comparison with a 1.39 per cent gain in Sensex.

    On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 505.0 on September 22, while the 50-DMA was at Rs 943.39. 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 46.64 per cent stake in Lupin Ltd. as of 30-Jun-2020. Mutual funds and foreign institutional investors held 11.94 per cent and 21.31 per cent stake.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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