Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
847.90
Change Change %
-7.60 -0.89%

Updated:20 Nov, 2018, 15:09 PM IST

BSE
849.35
Change Change %
-6.60 -0.77%

Updated:20 Nov, 2018, 15:15 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Deutsche Bank
N/A
20-05-2016 Hold 1540.05 1666.00
N/A
Target Hit Long (1Y)
20-05-2017

Deutsche Bank downgrades Lupin to hold

Deutsche Bank downgrades Lupin to 'hold' for target price of Rs 1,666 per share. It says increased R&D spends to dent earnings and has cut EPS estimates by 13.5% for FY'17 and by 9.9% for FY'18. It adds that resolution of Goa 483s to remains key to monitor as 483s at Goa could impact product approvals. Delay in resolving Goa 483s a concern could see lower than expected sales growth in India and delays in approvals in the US is a risk.

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