Introduction

Lupin Ltd. is an innovation led transnational pharmaceutical company, which engages in the business of producing, developing, and marketing a wide range of branded and generic formulations, biotechnology products, and active pharmaceutical ingredients. It operates through the following geographical segments: India, the United States of America, and Others.

Observation

As we can see on the month chart stock breakout it is rounding bottom after a many years with very good volume. Bullish crossover on November 2023

Let's touch fundamentals

• ROCE - 15.7 %
• ROE - 14.1 %
• Debt to equity - 0.20
• PE - 43
• Promoter Holding - 47 %
  
• Public holding - 6.44 %
• Promoter Holding Pledge - Zero

• Monthly Chart
• Rounding Bottom

1. Larsen & Toubro has agreed to acquire a 21% stake in public cloud services provider E2E Networks for 14.1 billion Indian rupees, according to a Tuesday filing to the stock exchanges.Under the terms of the agreement, the company will invest 10.79 billion rupees for the preferential allotment of a 15% stake in E2E Networks, comprising 2,979,579 equity shares of E2E at 3,622.25 rupees each.

2. Eicher motor Royal Enfield announced its entry into the EV space with the launch of new electric motorcycle branded as Flying Flea on November 4 in Milan, aimed to cater to the 250-750cc segment with what the company calls 'city+' mobility.The category will have the classic-styled Flying Flea C6 and a scrambler-styled Flying Flea S6 - both loaded with connectivity features, Royal Enfield said, both expected by early 2026.

3. HCLTech, India’s third largest IT major, announced on November 4 the creation of a new AI/Cloud Native Lab based in Singapore, in partnership with Singapore Economic Development Board.This will be the company’s fifth in its global network, and is expected to open in 2025, HCLTech said in an exchange filing.

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Tue Nov 5, 2024