Laurus Labs Ltd rises for third consecutive session

19 Aug 2024

Laurus Labs Ltd rises for third consecutive session

Laurus Labs Ltd gained for a third straight session today. The stock is quoting at Rs 435.5, up 1.4% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 24574.45. The Sensex is at 80465.57, up 0.04%. Laurus Labs Ltd has slipped around 1.36% in last one month.

Meanwhile, Nifty Pharma index of which Laurus Labs Ltd is a constituent, has slipped around 7.84% in last one month and is currently quoting at 22106.5, up 0.69% on the day. The volume in the stock stood at 6.04 lakh shares today, compared to the daily average of 30.63 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 435.6, up 0.93% on the day. Laurus Labs Ltd is up 12.03% in last one year as compared to a 26.71% spurt in NIFTY and a 45.17% spurt in the Nifty Pharma index.

The PE of the stock is 96.89 based on TTM earnings ending June 24.

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