Lupin Falls For Second Day as Q4 Net Miss Estimates

Shares of pharma company, Lupin fell as much as 6 per cent to hit intraday low of Rs 1,589 after the company on Wednesday said that its net profit for the March quarter declined one per cent. Lupin reported a net profit of Rs 547 crore for the March quarter compared to Rs 553 crore in the corresponding quarter of last financial year. The shares of Lupin fell consecutively for the second day as its earnings were below Street estimate...