Lupin Ltd Share Price – NSE /  BSE

Pharmaceuticals, Mid Cap

Lupin Ltd rose for a third straight session today. The stock is quoting at Rs 2308.6, up 1.38% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.06% on the day, quoting at 25182.65. The Sensex is at 82274.5, down 0.09%. Lupin Ltd has added around 20.82% in last one month.

Meanwhile, Nifty Pharma index of which Lupin Ltd is a constituent, has added around 8.25% in last one month and is currently quoting at 23184.4, up 0.68% on the day. The volume in the stock stood at 10.3 lakh shares today, compared to the daily average of 18.32 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 2309.25, up 0.88% on the day. Lupin Ltd is up 102.68% in last one year as compared to a 28.41% gain in NIFTY and a 52.01% gain in the Nifty Pharma index.

The PE of the stock is 37.93 based on TTM earnings ending June 24.

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Mirabegron extended-release tablets are used to treat the symptoms of an overactive bladder (OAB), such as incontinence (loss of bladder control), a strong need to urinate right away, or a frequent need to urinate. It is also used to treat neurogenic detrusor overactivity (NDO).

The said drug is a generic equivalent of Myrbetriq extended-release tablets of Astellas Pharma Global Development, Inc.

As per IQVIA MAT July 2024, Mirabegron extended-release tablets had estimated annual sales of $1,600 million in the U.S.

Mumbai-based Lupin is an innovation-led transnational pharmaceutical company. It develops and commercializes a wide range of branded and generic formulations, biotechnology products, and APIs in over 100 markets in the U.S., India, South Africa, and across the Asia Pacific (APAC), Latin America (LATAM), Europe, and Middle East regions.

The company’s consolidated net profit jumped 76.01% to Rs 801.31 crore during the quarter as compared with Rs 452.26 crore posted in Q1 FY24. Revenue from operations increased 16.28% YoY to Rs 5,514.34 crore during the quarter.

The scrip hit an all time high of Rs 2,280.95 in intraday today.

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 Lupin announced the launch of Mirabegron Extended-Release Tablets, 50 mg, in the United States, after having received an approval from the United States Food and Drug Administration (U.S. FDA).

Mirabegron Extended-Release Tablets, 50 mg is a generic equivalent of Myrbetriq® Extended-Release Tablets, 50 mg of Astellas Pharma Global Development, Inc.

Mirabegron Extended-Release Tablets, 50 mg had estimated annual sales of USD 1,600 million in the U.S. (IQVIA MAT July 2024).

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Lupin has allotted 1,21,150 fully paid-up equity shares of Rs 2 each under ESOP on 28 August 2024. With this allotment, the paid up equity share capital has increased to Rs 91,22,74,838 consisting of 45,61,37,419 equity shares of Rs 2/- each.

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