Lupin a good quality defensive stock, may jump 7-8%: Roy

Gautam Sinha Roy of Motilal Oswal Securities told CNBC-TV18, "Lupin has been one of the favourites from the beginning of the year. May be from a near term perspective we should expect another 7-8 percent kind of upside. In a choppy market, good quality defensive is something that one should always look at and Lupin fits the bill perfectly because not only it is a defensive pharma stock, but also is delivering good results and will continue to be good."