Alkem Laboratories Ltd is up for a third straight session in a row. The stock is quoting at Rs 4932.15, up 1.6% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.78% on the day, quoting at 23226.9. The Sensex is at 76478.93, up 1.87%. Alkem Laboratories Ltd has dropped around 4.49% in last one month.

Meanwhile, Nifty Pharma index of which Alkem Laboratories Ltd is a constituent, has dropped around 3.55% in last one month and is currently quoting at 19232.1, up 1.5% on the day. The volume in the stock stood at 1.03 lakh shares today, compared to the daily average of 3.35 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 4949.85, up 1.52% on the day. Alkem Laboratories Ltd is up 43.29% in last one year as compared to a 24.64% gain in NIFTY and a 51.19% gain in the Nifty Pharma index.

The PE of the stock is 32.03 based on TTM earnings ending March 24.