Apr 23, 2019
Lupin spurts over 4pc on Rating upgrade
Shares of Pharma major Lupin Limited has risen over 4pc, after Morgan Stanley has upgraded the Company with ratings to OVERWEIGHT from EQUAL-WEIGHT, and raised PT to Rs1.094 from Rs783. Earnings concentration risk has put on a normal footing and the new product catalysts are in sight to revitalize earnings. At 3.10pm, shares of Lupin were trading higher at Rs865.80per share, up Rs.34.15 or 4.11 percent on the NSE. Meantime, key benchmarks pared is early generated gains and the indices turned into red, with Sensex down 95 points at 38549 and Nifty fell 18 points at 11576.35. Read the full article
