Alkem Laboratories Ltd dropped for a fifth straight session today. The stock is quoting at Rs 3250, down 1.58% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.52% on the day, quoting at 18298.75. The Sensex is at 61886.28, up 0.25%.Alkem Laboratories Ltd has eased around 5.21% in last one month.Meanwhile, Nifty Metal index of which Alkem Laboratories Ltd is a constituent, has eased around 1.73% in last one month and is currently quoting at 12124.25, up 0.94% on the day. The volume in the stock stood at 1.49 lakh shares today, compared to the daily average of 1.94 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 3256.85, down 1.5% on the day. Alkem Laboratories Ltd jumped 8.83% in last one year as compared to a 12.85% rally in NIFTY and a 5.05% fall in the Nifty Metal index.

The PE of the stock is 41.16 based on TTM earnings ending December 22.