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    • New launches to drive earnings growth in FY18 & FY19: Glenmark

      The company has a strong pipeline of products which the company, CMD Glenn Saldanha said adding that new launches will drive earnings for the company in FY18 and FY19. The company has no plans to raise further capital, he said.

    • Lupin falls 2% on Credit Suisse downgrade to underperform

      Credit Suisse feels Lupin is trading at high end of historical valuations (23x FY18 EPS) and has low margin of safety with high concentration risk.

    • Lupin Q3 profit seen down 18% to Rs 493 cr, US biz may hit

      Revenue is seen rising 7.3 percent to Rs 3,375.6 crore in quarter ended December 2015 compared to Rs 3,144.9 crore in year-ago period, driven by domestic business but impacted by US business.

    • Lupin up 4%; Credit Suisse upgrades, bets on diabetes drugs

      Lupin has taken 200 percent price increase in Fortamet, according to Price Rx. The brokerage says it has been highlighting this opportunity for Lupin after a 8 times price increase in competing product Glumetza.

    • Lupin plunges 5%, Nomura downgrades to neutral, cuts target

      Shares of Lupin fell 4.7 percent intraday Friday (in addition to 2.5 percent decline in previous session) after the brokerage Nomura downgraded the stock to neutral, citing slower US sales growth. Target price reduced to Rs 1,661 from Rs 1,738.

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