Buy Lupin, target price Rs 1135: Motilal Oswal

Buy Lupin, target price Rs 1135:  Motilal Oswal

Motilal Oswal has buy call on Ltd. with a target price of Rs 1135. The current market price of Lupin Ltd. is Rs 1020.5.

Lupin Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 47589.44 Crore) operating in Pharmaceuticals sector.

For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 3917.30 Crore, up 3.58 % from last quarter Sales of Rs 3781.79 Crore and up 5.41 % from last year same quarter Sales of Rs 3716.09 Crore Company reported net profit after tax of Rs 441.18 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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