Shares in Lupin fell as much as 6% to a one-month low of 1,598 rupees following the results, before closing down 5%
The stock dipped 5% to Rs 1,607, falling 7% from intra-day high of Rs 1,730 on the BSE.
Japan accounts for about 10% of Lupin's revenue and is its third biggest market after the US and India
With 21 new brands, Kyowa will rank sixth amongst generic companies in the country
CCI's order has come on a complaint filed by Maruti & Company
Shares of Lupin closed at Rs 1,713.60 per scrip on BSE, up 1.37%
The Goa plant accounts for 50% of Lupin's US sales and adverse observations from FDA resulted in delayed product approvals for the company
The stock moved higher by 9% to Rs 1,698 on the NSE.
The stock ended higher by 4.4% to Rs 1,543 on the BSE, recorded its sharpest single day gain since March 30, 2016.
Mumbai based Lupin produces and develops a wide range of branded & generic formulations, biotechnology products and APIs globally
Company's US arm Lupin Pharmaceuticals Inc is initiating the recall
Anti-bacterial injection Ceftriaxone are being recalled due to violation of current good manufacturing norms
Lupin further said that the company shall commence promoting the products in the US shortly
Overall, between Lupin and Gavis combined, over 160 products filings are pending for approval with USFDA
Earlier, both the plants had received adverse observations from the US drug regulator
In March, Lupin received nine adverse observations from US drug regulator at its Goa plant and the company expects resolution in the next 3-6 months
The stock dipped almost 8% to Rs 1,525 on the BSE in early morning trade on the BSE.
Interview with CEO, Lupin
Total revenue grew 34% to Rs 4,091 cr
Diabetics products boost US growth; India, Japan, others add to Street beating performance