Lupin's shares surge 6% after strong Q1 results, hitting 52-week high

From Google: 2024-08-07 01:22:14

Lupin’s shares surged by 6% to hit a 52-week high after reporting a strong performance in the first quarter. The company’s revenue increased by 25.2% to Rs 4,367.8 crore, and its net profit rose by 66.3% to reach Rs 389.6 crore. Lupin’s strong Q1 results led to a boost in investor confidence.

Investors reacted positively to Lupin’s solid first-quarter performance, driving the company’s shares to a 52-week high. The pharmaceutical company reported a revenue growth of 25.2% to Rs 4,367.8 crore and a net profit increase of 66.3% to Rs 389.6 crore. Lupin’s robust financial results fueled the stock price rally.

Lupin’s stock price soared by 6% and reached a 52-week high following the company’s impressive first-quarter results. The pharmaceutical firm reported a revenue of Rs 4,367.8 crore, marking a 25.2% increase, and a net profit of Rs 389.6 crore, reflecting a significant 66.3% surge. Investors responded positively to Lupin’s strong Q1 performance.



Read more at Google: Lupin’s shares zoom 6%, hit 52-week high on solid Q1 show; details here – Business Standard