Shares of Lupin slumped 9.47% in the past eight trading sessions to settle at Rs 668.80 on 7 October 2019, from its close of Rs 738.80 on 24 September 2019.
Meanwhile, the S&P BSE Sensex was up 646 points or 1.72% to 38,177.95.
On the BSE, 95,674 shares were traded in the counter so far compared with average daily volumes of 73,847 shares in the past two weeks. The stock hit an intraday high of Rs 684.80 and an intraday low of Rs 660 so far during the day.
The stock hit a 52-week high of Rs 914 on 31 October 2018. The stock hit a 52-week low of Rs 646.20 on 7 October 2019.
Lupin's consolidated net profit jumped 49.5% to Rs 303.05 crore on a 15.4% surge in net sales to Rs 4,355.83 crore in Q1 June 2019 compared with Q1 June 2018.
Lupin is engaged in producing, developing and marketing a range of branded and generic formulations, biotechnology products and active pharmaceutical ingredients (APIs) across the world.
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