Buy Lupin, target of Rs 875: Karvy

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Buy Lupin, target of Rs 875: Karvy

Karvy Stock Broking has maintained its buy rating on Lupin with a target price of Rs 875. Profits for the quarter are expected to be higher by 19 % to Rs 1267 million.

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Karvy Stock Broking has maintained its buy rating on Lupin  with a target price of Rs 875 in its January 12, 2009 research report. "Profits for the quarter are expected to be higher by 19 % to Rs 1267 million. We maintain BUY on the stock with a price target of Rs 875 based on 14x FY 2010E," says Karvy's research report.

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