Hot Pursuit     17-Aug-23
Alkem Laboratories Ltd drops for fifth straight session
Alkem Laboratories Ltd is quoting at Rs 3780, down 0.39% on the day as on 13:19 IST on the NSE. The stock jumped 29.28% in last one year as compared to a 7.7% rally in NIFTY and a 18.64% spurt in the Nifty Metal index.

Alkem Laboratories Ltd is down for a fifth straight session today. The stock is quoting at Rs 3780, down 0.39% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.65% on the day, quoting at 19339.3. The Sensex is at 65090.78, down 0.68%.Alkem Laboratories Ltd has gained around 3.09% in last one month.Meanwhile, Nifty Metal index of which Alkem Laboratories Ltd is a constituent, has increased around 9.48% in last one month and is currently quoting at 15398.8, down 0.34% on the day. The volume in the stock stood at 17734 shares today, compared to the daily average of 2.7 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 3784.95, down 0.62% on the day. Alkem Laboratories Ltd jumped 29.28% in last one year as compared to a 7.7% rally in NIFTY and a 18.64% spurt in the Nifty Metal index.

The PE of the stock is 35.71 based on TTM earnings ending June 23.

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