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ā¢ Sharekhan has recommended a Hold rating on Lupin with a target price of Rs 1274.
ā¢ Lupin's performance for Q2FY2024 was in line with estimates, with the company reporting its highest-ever sales of USD213mn.
ā¢ Given its focus on sustaining USD200mn sales and growing profitably, Sharekhan has increased its EBITDA margin to 18% for FY2024.