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Lupin Insiders Buy $3.1 Billion of Shares After Stock Sinks

Key shareholders at Indian drugmaker Lupin buy $3.1 billion of shares after stock sinks

  • Lupin Insiders Buy $3.1 Billion of Shares After Stock Sinks – – By and – – – – – – – October 9, 2017, 6:30 PM EDT – – – – – – – – – – – – – Key shareholders are using the 30 percent plunge in Lupin…
  • Lupin Investment Co. and other insiders bought a net $3.1b of shares in the past six months, the most among Asian companies, data compiled by Bloomberg show.
  • India’s second-biggest drugmaker by revenue trades at 18.3 times reported profits, versus 23.5 for the Sensex, with the valuation discount being near the widest since 2009.

Key shareholders are using the 30 percent plunge in Lupin Ltd.’s stock — the worst-performer this year on the benchmark S&P BSE Sensex — to boost their holdings. Lupin Investment Co. and other insiders bought a net $3.1b of shares in the past six months, the most among Asian companies, data compiled by Bloomberg show. India’s second-biggest drugmaker by revenue trades at 18.3 times reported profits, versus 23.5 for the Sensex, with the valuation discount being near the widest since 2009.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Key shareholders are using the 30 percent plunge in Lupin Ltd.’s stock — the worst-performer this year on the benchmark S&P BSE Sensex — to boost their holdings. Lupin Investment Co. and other insiders bought a net $3.1b of shares in the past six months, the most among Asian companies, data compiled by Bloomberg show. India’s second-biggest drugmaker by revenue trades at 18.3 times reported profits, versus 23.5 for the Sensex, with the valuation discount being near the widest since 2009.

Lupin Insiders Buy $3.1 Billion of Shares After Stock Sinks

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