Shares of Lupin Ltd. witnessed a gain of 0.93% during Wednesday’s trading session. The stock traded at a high of Rs 1152.45 and a low of Rs 1133.8. Analyzing the technical charts, it was observed that the 200-day moving average (DMA) of the stock stood at Rs 811.69, while the 50-DMA was at Rs 1031.71. When a stock trades above both the 50-DMA and 200-DMA, it generally indicates an upward trend. Conversely, if it trades below both these averages, it is considered bearish. The stock’s current position between the averages suggests that its future direction is uncertain. Additionally, the stock traded below the signal line of the momentum indicator moving average convergence divergence (MACD), signaling a bearish bias. The MACD, which represents the difference between the 26-day and 12-day exponential moving averages, assists in identifying trend reversals. The Relative Strength Index (RSI) of the stock was recorded at 71.58, indicating an overbought situation. On the profitability front, the stock recorded a return on equity (RoE) of 3.49% and a return on capital employed (RoCE) of 3.77%. RoCE measures a company’s profitability and efficient utilization of capital, while RoE reflects the profitability of a business in relation to its equity. Overall, Lupin Ltd.’s shares displayed a slight increase in value amidst a decline in Nifty.