Alkem Laboratories Ltd dropped for a fifth straight session today. The stock is quoting at Rs 3594.6, down 0.14% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.06% on the day, quoting at 18058.25. The Sensex is at 60451.78, down 0.15%.Alkem Laboratories Ltd has eased around 8.62% in last one month.Meanwhile, Nifty Pharma index of which Alkem Laboratories Ltd is a constituent, has eased around 4.93% in last one month and is currently quoting at 13851.25, up 0.32% on the day. The volume in the stock stood at 26470 shares today, compared to the daily average of 95134 shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 3610.7, down 0.19% on the day. Alkem Laboratories Ltd jumped 32.05% in last one year as compared to a 42.97% rally in NIFTY and a 24.41% spurt in the Nifty Pharma index.

The PE of the stock is 24.76 based on TTM earnings ending June 21.