Net sales for the quarter rose by 15.1% YoY, reaching Rs.138.10 crore
According to Aditya Birla Capital Ltd., the preferential issuance would take place at a cost of Rs 165.1 per equity share and is pending approval from shareholders.
The floor price for the two-day OFS is set at ₹225 per share.
In FY23, Lupin invested 7.90% of its revenue in research and development.
During the quarter under review, the company reported an EBITDA of Rs 727 crore.
On the sectoral front, Nifty Bank and Financial Services are dragging down the chart.
Recommendation: Add; Target Price: Rs 1820
Intellectual Property Rights for Nidelgy will be retained by Philogen.
Recommendation: Add; Target Price: Rs 165
Recommendation: Buy; Target Price: Rs 1130