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Lupin Jumps After Receiving Clean Chit From FDA

Lupin Jumps After Receiving Clean Chit From FDA

Shares of the drug maker extended gains for the second day and rose as much as 7.1 percent, the most in over five months to Rs 842.80.

The pharmaceutical company received a clean chit from U.S. drug regulator or its Pithampur Unit 1 Facility, according to its stock exchange notification.                                       

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The stock declined 9.1 percent so far this year compared to 1.2 percent decline in Sensex.