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Shares of Lupin lost 20.4% in November, underperforming the Nifty 50 index, which fell by 1% during the month.Lupin stock slips after block deal. Around 26 lakh shares changed hands in multiple block deals.
Shares of Lupin lost 20.4% in November, underperforming the Nifty 50 index, which fell by 1% during the month. The stock had pared gains during the month as the company had received a warning letter from the US Food and Drug Administration for its formulation units at Goa and Pithampur Unit-II in Indore.
So far today, over 1.1 mn shares of the company have been traded on the NSE.
The stock is currently trading at Rs813.8, down by Rs5.2 or 0.63% from its previous closing of Rs 819 on the BSE. The scrip opened at Rs819.95 and has touched a high and low of Rs822.85 and Rs811.8 respectively.
Lupin, a manufacturer of branded plus generic formulations, biotechnology products and APIs, earns 47% from its US business.
Chronic and semi-chronic therapy contributes 88% to revenue, of which chronic contributes 65% of total revenue in the domestic market.
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