Lupin hits fresh 52-week low; down 7.5% in six days

The stock hit a fresh 52-week low of Rs 1,320, down 1.3% on the BSE.

Lupin hit a fresh 52-week low of Rs 1,320, down 1.3% in intra-day trade, extending its 6.4% decline in past five trading sessions on the BSE.

According to news reports, US health regulator issued Form 483 with three observations to Lupin Goa plant. The US Food and Drug Administration inspected this plant between March 27 and April 7, 2017.
 

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The observations, as per reports, are- failure to review any unexplained discrepancy; no written procedures for production and process controls; control