Lupin shares climb after Investec upgrade on reasonable valuations; raises target
Published on 12/09/2025 09:33 AM
Lupin shares climb after Investec upgrade on reasonable valuations; raises targetLupin shares have corrected 17% from their all-time high of ₹2,402.90, hit on January 2 this year. Post the recent correction, Investec views valuations as reasonable.By Meghna Sen September 12, 2025, 9:33:31 AM IST (Published)1 Min ReadShares of drugmaker Lupin Ltd. are trading with gains of over 3% on Friday, September 12, after it received an upgrade from brokerage firm Investec. The stock has now extended its gains for the sixth straight session.
Investec has upgraded shares of Lupin to a 'Buy' rating from its earlier 'Hold', and has raised the price target to ₹2,265 from ₹2,100 earlier.
The new target suggests a further upside of 14% from the stock's closing price on Thursday.
The brokerage said that Lupin is well placed to ride the upcoming GLP-1 opportunity in India. Post the recent correction, Investec views valuations as reasonable.
Lupin shares have corrected 17% from their all-time high of ₹2,402.90, which was hit on January 2 this year.
After this correction, shares of Lupin are trading at a FY27 price-to-earnings multiple of 22.5 times, which is well below the five-year average multiple of 32 times.
In its base case, Investec projects a strong FY26, followed by moderation in FY27, with EPS growth resuming in FY28.
Of the 40 analysts covering Lupin, 26 have a 'Buy' rating, 11 have a 'Hold', and three others have a 'Sell' recommendation on the stock.
Lupin shares are up 2.86% at ₹2,044.80. The stock has declined over 14% so far in 2025.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsLupinLupin share priceLupin stock priceshare market today