Lupin & Cipla - Positive News - Angel Broking

Mr. Yash Gupta - Equity Research Associate, Angel Broking Ltd

"Positive news for Lupin and Cipla - after 6 months of launch of gProAir by Perrigo, company has announced voluntary recall of gProAir (Albuterol Sulfate) in the US. Corrective actions are underway and a definitive timeline for reintroduction has not yet been determined. This announcement of recall of Albuterol by Perrigo comes as a positive for Lupin and Cipla, while cipla launched albuterol in April 2020 and Lupin expected launch albuterol in this month."

Shares of LUPIN LTD. was last trading in BSE at Rs.1085.5 as compared to the previous close of Rs. 1037.95. The total number of shares traded during the day was 488000 in over 20182 trades.

The stock hit an intraday high of Rs. 1121.85 and intraday low of 1070.35. The net turnover during the day was Rs. 536447472.

Shares of CIPLA LTD. was last trading in BSE at Rs.806.85 as compared to the previous close of Rs. 752.05. The total number of shares traded during the day was 1481029 in over 41364 trades.

The stock hit an intraday high of Rs. 819 and intraday low of 775.95. The net turnover during the day was Rs. 1183050668.

Source : Equity Bulls

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