Alkem Laboratories Ltd gains for fifth session

Alkem Laboratories Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 5853.5, up 1.49% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.28% on the day, quoting at 25949.3. The Sensex is at 84711.84, up 0.29%. Alkem Laboratories Ltd has added around 6.56% in last one month.

Meanwhile, Nifty Pharma index of which Alkem Laboratories Ltd is a constituent, has added around 3.33% in last one month and is currently quoting at 22593.4, up 0.8% on the day. The volume in the stock stood at 2.13 lakh shares today, compared to the daily average of 1.28 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 5865.5, up 1.07% on the day. Alkem Laboratories Ltd is up 5.95% in last one year as compared to a 10.27% gain in NIFTY and a 4.7% gain in the Nifty Pharma index.

The PE of the stock is 32 based on TTM earnings ending June 25.

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