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Lupin shares fall 6% after CLSA cuts target price, US FDA issues observations

Updated : May 16, 2019 10:47 AM IST

Shares of Lupin fell 4 percent intra-day after brokerages remain bearish on  the stock, and the US FDA (United Stated Food and Drug Administration) gives out three observations for its Aurangabad-based manufacturing facility. 
Meanwhile, Lupin also clarified on the issue of US filing lawsuit against generic drug companies.
Most brokerages are bearish on the stock. CLSA and Credit Suisse maintained 'sell' rating.
Lupin shares fall 6% after CLSA cuts target price, US FDA issues observations
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