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Nomura has raised Lupin's target price to ₹2,580, implying a 30% upside potential. The brokerage expects robust near-term momentum in the US business, a recovery in India growth, and strong earnings growth beyond FY28F. Lupin shares were trading 0.70% lower at ₹1,973.50 per share, while the BSE Sensex was down 0.23% at 83,346.45 levels.

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