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Laurus Labs Ltd extends winning spree
(13:05, 17 May 2022)

Laurus Labs Ltd is up for a third straight session today. The stock is quoting at Rs 551.65, up 1.65% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 2.01% on the day, quoting at 16160.4. The Sensex is at 53995.88, up 1.93%. Laurus Labs Ltd has slipped around 7.76% in last one month.

Meanwhile, Nifty Pharma index of which Laurus Labs Ltd is a constituent, has slipped around 7.96% in last one month and is currently quoting at 12608.25, up 0.13% on the day. The volume in the stock stood at 4.09 lakh shares today, compared to the daily average of 19.36 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 552.35, up 1.56% on the day. Laurus Labs Ltd is up 14.83% in last one year as compared to a 6.97% jump in NIFTY and a 8.73% jump in the Nifty Pharma index.

The PE of the stock is 38.85 based on TTM earnings ending March 22.

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