Moneylife » Shop stop
Lupin rose 1%, while Shoppers Stop dived 13% and Petronet fell by 4%
Gainers: Lupin is planning to acquire a large Latin American pharmaceutical company to enter a region where cheaper generic drugs outsell medicines sold by patent holders. The company, which aims to more than double its sales to Rs12,000 crore by March 2013, has already looked at a few companies including some in Brazil. Lupin, however, hasn’t finalised its target as it needs to scrutinise the companies on product synergies and economies of scale. The stock rose by 1% in the fortnight. Orient Paper & Industries posted...
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