Ipca Laboratories Ltd gained for a third straight session today. The stock is quoting at Rs 934.9, up 2.17% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.39% on the day, quoting at 17027.05. The Sensex is at 57199.6, down 0.4%. Ipca Laboratories Ltd has added around 5.48% in last one month.

Meanwhile, Nifty Metal index of which Ipca Laboratories Ltd is a constituent, has added around 5.29% in last one month and is currently quoting at 12971.9, up 1.99% on the day. The volume in the stock stood at 2.25 lakh shares today, compared to the daily average of 3.01 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 940, up 2.58% on the day. Ipca Laboratories Ltd is down 22.22% in last one year as compared to a 3.75% fall in NIFTY and a 10.68% fall in the Nifty Metal index.

The PE of the stock is 31.81 based on TTM earnings ending June 22.

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Ipca Laboratories announced that CRISIL has withdrawn its rating assigned to the Rs. 200 Crore Commercial Paper of the Company as there is no amount outstanding against the captioned instrument and the rating is no longer in use.

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Ipca Laboratories has received credit ratings from ICRA as under:

Fund/ Non fund based working capital limits (Rs 1750 crore) - IND AA+/ Stable / IND A1+ (assigned)

Long term loan (Rs 400 crore) - IND AA+ / Stable / IND A1+ (assigned)

Commercial paper (Rs 50 crore) - IND A1+ (assigned)

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Ipca Laboratories Ltd dropped for a fifth straight session today. The stock is quoting at Rs 880, down 0.33% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.16% on the day, quoting at 17627.65. The Sensex is at 59095.39, down 0.17%.Ipca Laboratories Ltd has lost around 13.11% in last one month.Meanwhile, Nifty Metal index of which Ipca Laboratories Ltd is a constituent, has eased around 2.42% in last one month and is currently quoting at 12598, up 0.23% on the day. The volume in the stock stood at 98712 shares today, compared to the daily average of 5 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 878.7, down 0.3% on the day. Ipca Laboratories Ltd tumbled 30.6% in last one year as compared to a 1.58% rally in NIFTY and a 12% fall in the Nifty Metal index.

The PE of the stock is 30.69 based on TTM earnings ending June 22.

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