Lupin extends gain; up 5% in four trading sessions

The stock moved higher by nearly 2% to Rs 852, extending its past three days 3.5% gain on the BSE

Lupin has moved higher by nearly 2% to Rs 852, extending past three days gain of 3.5% on the BSE, after Lupin Investments Private Limited, the promoter group company bought an additional stake in the company through open market purchases.

Lupin Investments purchased 100,000 shares of Lupin between December 5, 2017 and December 6, 2017, according to disclosure made by the pharmaceutical company to the stock exchanges.

In past one month, Lupin Investments acquired 900,000 shares of Lupin, data shows. Post acquisition, Lupin Investments stake in the company increased to 45.47% from 45.27% at the end of September