Laurus Labs Ltd Share Price – NSE  /  BSE

Pharmaceuticals, Small Cap

The inspection was conducted from 15th April, 2024 to 19th April, 2024. The said inspection was closed with zero 483 observations.

Laurus Labs is a fully integrated pharmaceutical and biotechnology company, with a leadership position in generic active pharmaceutical ingredients (APIs) and a major focus on anti-retroviral, oncology drugs, cardiovascular, gastro and hepatitis C therapeutics. The company also develops and manufactures oral solid formulations, provide contract research and manufacturing services (CRAMS) to global pharma companies.

The company’s consolidated net profit dropped 88.6% to Rs 23.14 crore on 22.65% decrease in revenue from operations to Rs 1,544.82 crore in Q3 FY24 over Q3 FY23.

The scrip fell 1.26% to end at Rs 426.25 on Friday, 19 April 2024.

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Laurus Labs will hold a meeting of the Board of Directors of the Company on 25 April 2024.

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Laurus Labs Ltd rose for a fifth straight session today. The stock is quoting at Rs 439.9, up 0.01% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.15% on the day, quoting at 22467.75. The Sensex is at 74089.06, up 0.29%. Laurus Labs Ltd has added around 4.7% in last one month.

Meanwhile, Nifty Pharma index of which Laurus Labs Ltd is a constituent, has added around 0.4% in last one month and is currently quoting at 19153.05, down 0.3% on the day. The volume in the stock stood at 23.77 lakh shares today, compared to the daily average of 21.14 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 440.7, down 0.44% on the day. Laurus Labs Ltd is up 43.85% in last one year as compared to a 27.97% gain in NIFTY and a 56.75% gain in the Nifty Pharma index.

The PE of the stock is 103.09 based on TTM earnings ending December 23.

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Laurus Labs Ltd gained for a third straight session today. The stock is quoting at Rs 416.3, up 2.73% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.18% on the day, quoting at 22422.6. The Sensex is at 73834.89, down 0.24%. Laurus Labs Ltd has slipped around 0.3% in last one month.

Meanwhile, Nifty Pharma index of which Laurus Labs Ltd is a constituent, has slipped around 1.02% in last one month and is currently quoting at 19207.9, down 0.28% on the day. The volume in the stock stood at 11.12 lakh shares today, compared to the daily average of 17.99 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 417.6, up 2.28% on the day. Laurus Labs Ltd is up 36.65% in last one year as compared to a 28.88% spurt in NIFTY and a 58.71% spurt in the Nifty Pharma index.

The PE of the stock is 103.09 based on TTM earnings ending December 23.

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