Lupin share falls 2%; Citi downgrades to Sell, cuts target price to Rs 2,050
Lupin shares fell after Citi downgraded the stock to ‘Sell’ and cut its target price to Rs 2,050.
The brokerage expects weaker US base-business sales, margin pressure and limited benefits from new products.
Citi also reduced FY27 EPS estimates by 14%.
Lupin’s technical indicators remain bearish despite its oversold RSI reading.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
