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LUPIN - Lupin News Story

₹1196.75 -1.6  -0.1%

Last Trade - 10:05am

Large Cap
Market Cap £5.32bn
Enterprise Value £5.52bn
Revenue £1.49bn
Position in Universe 80th / 3105

BUZZ-India's Lupin sees worst day in month after co posts Sept-qtr loss

Thu 7th November, 2019 6:36am
** Shares of pharmaceutical company Lupin Ltd  LUPN.NS  fall
as much as 4.5% to 736.7 rupees, their biggest intra-day
percentage fall in a month after the firm reported a Q2 loss
    ** Reports Q2 consol net loss of 1.27 bln rupees ($17.89
mln), stemming from a 5.46 bln rupee exceptional item related to
a lawsuit settlement and divestiture-related loss*:nFWN27M0RW
    ** Exceptional item includes $53 mln provision related to
lawsuit settlement in Texas and a 1.67 billion rupees loss
linked to divestiture of Kyowa CritiCare Co Ltd 
    ** Motilal Oswal Securities cuts EPS estimate by 6% to 27
rupees for FY 20 and trims EPS estimate for FY 21 by 2% to 38.5
    ** About 2.8 mln shares change hands vs 30-day moving
average of 1.4 mln shares   
    ** Shares down 8.63% this year, as of last close
    ($1 = 71.0025 Indian rupees)

 (Reporting by Philip George in Bengaluru)
 ((; within U.S. +1 646 223 8780,
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