Lupin gains on hopes of hike in foreign investment limit

Reuters Market Eye - Shares in Lupin gain 1.8 percent.

Government panel has cleared the company's request to raise foreign investment limit, traders say.

Lupin was looking to increase the limit to 49 percent, say analysts.

Foreign portfolio investors currently hold 31.75 percent in the company, as per BSE data.

(Reporting by Abhishek Vishnoi)