Laurus Labs Ltd spurts 5.83%, rises for fifth straight session

Laurus Labs Ltd gained for a fifth straight session today. The stock is quoting at Rs 2374.8, up 5.83% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.72% on the day, quoting at 23102.8. The Sensex is at 74685.25, up 0.72%. Laurus Labs Ltd has risen around 19.7% in last one month.

Meanwhile, Nifty Pharma index of which Laurus Labs Ltd is a constituent, has risen around 3.43% in last one month and is currently quoting at 26710.8, up 1.88% on the day. The volume in the stock stood at 54.31 lakh shares today, compared to the daily average of 16.59 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 2372.7, up 5.21% on the day. Laurus Labs Ltd is up 149.02% in last one year as compared to a 10.18% drop in NIFTY and a 22.72% drop in the Nifty Pharma index.

The PE of the stock is 139.01 based on TTM earnings ending June 26.

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