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Alkem Laboratories Ltd extends winning spree

Alkem Laboratories Ltd is quoting at Rs 3490.6, up 0.86% on the day as on 12:49 IST on the NSE. The stock is up 19.67% in last one year as compared to a 23.02% spurt in NIFTY and a 6.12% spurt in the Nifty Pharma.

December 27, 2021 1:00 IST | capital market

Alkem Laboratories Ltd gained for a fifth straight session today. The stock is quoting at Rs 3490.6, up 0.86% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.37% on the day, quoting at 17066.35. The Sensex is at 57350.61, up 0.4%. Alkem Laboratories Ltd has slipped around 0.46% in last one month.

Meanwhile, Nifty Pharma index of which Alkem Laboratories Ltd is a constituent, has slipped around 0.1% in last one month and is currently quoting at 13491.25, up 1.27% on the day. The volume in the stock stood at 32684 shares today, compared to the daily average of 1.24 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 3489.95, up 0.92% on the day. Alkem Laboratories Ltd is up 19.67% in last one year as compared to a 23.02% spurt in NIFTY and a 6.12% spurt in the Nifty Pharma index.

The PE of the stock is 22.97 based on TTM earnings ending September 21.

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