Broker keeps Lupin at Accumulate, trims FY28E-FY29E EPS
In short
BusinessLine Markets said a broker kept Lupin at "Accumulate" and set a target price of ₹2,250. It also cut FY28E and FY29E EPS estimates by 2% to 5%.
The note matters for investors in Lupin because it changes earnings expectations and the broker’s view on the stock.
What the reporting says
BusinessLine Markets said a broker kept Lupin at an "Accumulate" rating and a ₹2,250 target price while cutting FY28E and FY29E EPS estimates by 2% to 5%. The estimate revision was tied to the broker’s updated outlook in the note.
Why it matters
A broker note on Lupin kept the stock at "Accumulate" and set a ₹2,250 target price, using 23x September 2028E EPS. The same note cut FY28E and FY29E EPS estimates by 2% to 5%. This matters for Lupin shareholders and market watchers because it can affect expectations for the company’s future earnings and valuation.