Lupin shares jumped 5% after reporting a 52% YoY rise in Q1 FY26 net profit to Rs 1,221 crore, driven by strong US and India sales. Revenue rose to Rs 6,164 crore. While Choice Broking upgraded the stock to ‘Buy’ with a Rs 2,375 target, Motilal Oswal maintained a ‘Neutral’ view citing limited upside despite earnings surprise.
Bond yield rises to 7.44% on higher oil prices, global cues
Yields on the 10-year benchmark bond have increased due to high oil prices. The Reserve Bank of India rejected all bids at the treasury bill