Lupin stock up 1% on FIPB approval

The Foreign Investment Promotion Board approved 14 foreign direct investment (FDI) proposals of the company.

Shares of Lupin Ltd was trading higher by 1% at Rs. 2,088. The Foreign Investment Promotion Board (FIPB) approved 14 foreign direct investment (FDI) proposals of the company.

Lupin Ltd is currently trading at Rs. 2083.7, up by Rs. 14.85 or 0.72% from its previous closing of Rs. 2068.85 on the BSE.

The scrip opened at Rs. 2097 and has touched a high and low of Rs. 2100 and Rs. 2075.35 respectively. So far 1088366(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 93140.69 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2127 on 06-Oct-2015 and a 52 week low of Rs. 1309.6 on 17-Oct-2014. Last one week high and low of the scrip stood at Rs. 2110 and Rs. 2005 respectively.

The promoters holding in the company stood at 46.56 % while Institutions and Non-Institutions held 43.45 % and 9.99 % respectively.

The stock is currently trading below its 50 DMA.