Buy Lupin, target price Rs 1135: Motilal Oswal

Buy Lupin, target price Rs 1135:  Motilal Oswal

Motilal Oswal has buy call on Lupin with a target price of Rs 1135. The current market price of Lupin is Rs 1072.85 .

Lupin Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 48344.88 Crore) operating in Pharmaceuticals sector.

For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 3781.79 Crore, up 7.20 % from last quarter Sales of Rs 3527.86 Crore and down -11.99 % from last year same quarter Sales of Rs 4296.90 Crore Company reported net profit after tax of Rs 213.08 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 46.9 per cent stake in the company as of June 30, 2020, while FIIs held 20.4 per cent, DIIs 20.1 per cent and public and others 12.6 per cent.

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