Shares Of Lupin Slipped More Than 2 Percent In The Early Trade On Monday - Dollar Advisory Financial Services

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Monday 7 May 2018

Shares Of Lupin Slipped More Than 2 Percent In The Early Trade On Monday

Shares of Lupin slipped more than 2 percent in the early trade on Monday after Credit Suisse highlighted concerns over the volume loss in its diabetes franchise. The brokerage sees a downside of 9 percent on the stock.

Credit Suisse has maintained its neutral stance on the stock with a target cut to Rs 770 from Rs 850, implying a downside of over 9 percent.

It said that there is massive volume loss in diabetes franchise in the US and has cut earnings and target.

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