CMP : 1,838
Target Price :
For 2QFY2016, Lupin posted a poor set of numbers, with the OPM coming in
lower than expected, and consequently the net profit as well. The company
posted a 2.0% growth in sales to Rs3,178cr V/s Rs3,272cr estimated, mainly driven
by the European markets. On the operating front, the Gross margin came in at
64.5% V/s 65.7% expected. Further,..