Sharekhan has given Buy recommendation for Lupin with a target price of Rs. 780 in its research report issued on May 19, 2022

Sharekhan’s research report on Lupin

Q4FY2022 was a weak quarter for Lupin with OPM surprising negatively, marred by escalated raw-material prices, leading to net loss. Lupin sees healthy growth traction for India business, while near-term headwinds are expected to overweigh on US performance, which could play the dampeners. Despite near-term headwinds such as rising raw-material cost pressures, lack of new launches in the US, and heightened price erosion in the US, long-term growth levers for Lupin are intact.

Outlook

We retain our Buy recommendation on Lupin Limited (Lupin) with a revised PT of 780.

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