{"id":116042,"date":"2023-12-22T13:20:48","date_gmt":"2023-12-22T07:50:48","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=116042"},"modified":"2023-12-22T14:14:46","modified_gmt":"2023-12-22T08:44:46","slug":"pharma-stock-jumps-after-company-launches-new-ayurvedic-product","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-after-company-launches-new-ayurvedic-product\/","title":{"rendered":"Pharma stock jumps after company launches new ayurvedic product\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-984438987\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this large-cap company jumped around 2 percent in Friday\u2019s trading session after the company launched a new ayurvedic product. On a YTD basis, the shares have delivered more than 70 percent returns to its shareholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3259266121\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 58,329 crores, the shares of Lupin Ltd started Friday\u2019s trading session positively at Rs. 1,260.55 compared to its previous close of Rs. 1,256.80. The shares hit a high of Rs. 1,285, gaining around 2 percent and currently trading at Rs. 1,277 apiece.&nbsp;<\/p><p>Such a positive movement in the share price was observed after the company in an exchange filing announced the launch of Softovac Liquifibre, a 100 percent Ayurvedic liquid Laxative.&nbsp;<\/p><p>The company enters the Indian liquid laxative market with this new product, which is a formulation of Isabgol fibre in liquid form and natural actives such as sonamukhi, mulethi, harad, saunf, amaltas, and gulab dal.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1928527864\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Looking at the company\u2019s financial statement, the revenue increased by 5 percent from Rs. 4,814 crores in Q1 FY24 to Rs. 5,039 crores during Q2 FY24. In addition, the net profits increased by 9 percent from Rs. 453 crores to Rs. 495 crores during the same timeframe.&nbsp;<\/p><p>The company plans to launch Complex Generics in the regulated markets by 2028 through 20 product launches in the areas of inhalation, injectables, Biosimilar and Novel Complex Products. It also aims to complete 3 biosimilar filings in regulated markets and launch 10 novel complex pipeline products in India.&nbsp;<\/p><p>The company gets revenue from across the globe, primarily they get 37 percent of the revenue from India, 32 percent from the USA, and the remaining 31 percent from other markets and APIs.&nbsp;<\/p><p>Headquartered in Mumbai, Lupin Ltd was incorporated in 1983. The company develops and commercializes a wide range of branded and generic formulations, APIs, and biotechnology products in over 100 markets in India, U.S., South Africa, and across the Asia Pacific (APAC), Latin America (LATAM), Middle East regions, and Europe.&nbsp;<\/p><p><strong>Written By Vaibhav Patil<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-2276988421\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3786402201\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this large-cap company jumped around 2 percent in Friday\u2019s trading session after the company launched a new ayurvedic product. On a YTD basis, the shares have delivered more than 70 percent returns to its shareholders.&nbsp; With a market capitalization of Rs. 58,329 crores, the shares of Lupin Ltd started Friday\u2019s trading session positively [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-116042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pharma stock jumps after company launches new ayurvedic product\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this large-cap company jumped around 2 percent in Friday\u2019s trading session after the company launched a new ayurvedic product. 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