Laurus Labs Ltd sees sustained buying

21 Mar 2022 , 01:05 PM

Laurus Labs Ltd is up for a third straight session in a row. The stock is quoting at Rs 592, up 1.88% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.76% on the day, quoting at 17155.9. The Sensex is at 57381.01, down 0.83%. Laurus Labs Ltd has risen around 12.17% in last one month.

Meanwhile, Nifty Pharma index of which Laurus Labs Ltd is a constituent, has risen around 5.22% in last one month and is currently quoting at 13546.05, up 0.63% on the day. The volume in the stock stood at 21.89 lakh shares today, compared to the daily average of 21.82 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 595, up 2.26% on the day. Laurus Labs Ltd is up 63.81% in last one year as compared to a 16.42% spurt in NIFTY and a 15.02% spurt in the Nifty Pharma index.

The PE of the stock is 37.95 based on TTM earnings ending December 21.

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