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Buy Lupin; target of Rs 780: Sharekhan

Sharekhan is bullish on Lupin has recommended buy rating on the stock with a target price of Rs 780 in its research report dated August 04, 2022.

August 06, 2022 / 10:39 PM IST
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Sharekhan's research report on Lupin

Lupin Limited (Lupin) reported a weak Q1FY2023. OPM surprised negatively, marred by pricing pressures in the US and remediation cost at its plants. Yet, the management has shared a strong growth outlook across its US and India businesses. Further, given cost-control measures and few high-value launches lined up in the US, Lupin expects to end FY2023 with 18% OPM as compared to 6.2% in Q1FY2023.


Based on the encouraging outlook, we retain our Buy recommendation on the stock with an unchanged price target (PT) of Rs. 780.


For all recommendations report, click here

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Lupin - 050822 - khan

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first published: Aug 6, 2022 10:39 pm
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