Alkem Laboratories Ltd rises for third consecutive session

Alkem Laboratories Ltd gained for a third straight session today. The stock is quoting at Rs 5407.35, up 1.75% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.49% on the day, quoting at 24172.6. The Sensex is at 79177.29, up 0.53%. Alkem Laboratories Ltd has risen around 3.55% in last one month.

Meanwhile, Nifty Pharma index of which Alkem Laboratories Ltd is a constituent, has risen around 7.21% in last one month and is currently quoting at 21583.05, up 0.96% on the day. The volume in the stock stood at 1.58 lakh shares today, compared to the daily average of 2.09 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 5442.9, up 2.18% on the day. Alkem Laboratories Ltd is up 30.87% in last one year as compared to a 23.35% spurt in NIFTY and a 40.77% spurt in the Nifty Pharma index.

The PE of the stock is 35.24 based on TTM earnings ending March 24.