On the technical charts it has created two strong Reversal Patterns which are Abandoned baby and 3 White Soldiers.
The call to buy lupin is only for investment purpose without any stop loss placed. One must accumulate the stock on every downfall or correction in the market.
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Debt of the company is looked according to the market capital of the company, with 37.9k crore of market capital debt of even 10k crore seems nominal. While the de ratio also in favor of the company standing at 0.51 way below 1. Interest cost of the company stands at 142.34 crore which is 1.02% of its total expenses.
Interest expenses also considered helpful in lowering the taxation of the company instead of not having debt in the company at all. Otherwise a fully debt free company is not an ideal situation for the company.
So in my opinion debt is not a hurdle in the growth of the company.