Alkem Laboratories Ltd is up for a third straight session in a row. The stock is quoting at Rs 3722, up 2.38% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.33% on the day, quoting at 20059.3. The Sensex is at 67437.07, up 0.32%. Alkem Laboratories Ltd has slipped around 1.94% in last one month.

Meanwhile, Nifty Metal index of which Alkem Laboratories Ltd is a constituent, has slipped around 0.72% in last one month and is currently quoting at 15328.65, up 0.57% on the day. The volume in the stock stood at 1.66 lakh shares today, compared to the daily average of 1.37 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 3735, up 2.39% on the day. Alkem Laboratories Ltd is up 15.92% in last one year as compared to a 11.42% gain in NIFTY and a 21.56% gain in the Nifty Metal index.

The PE of the stock is 34.34 based on TTM earnings ending June 23.