Laurus Labs Ltd dropped for a fifth straight session today. The stock is quoting at Rs 349.5, down 0.92% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.8% on the day, quoting at 19540.15. The Sensex is at 65983.4, up 0.9%.Laurus Labs Ltd has eased around 2.65% in last one month.Meanwhile, Nifty Metal index of which Laurus Labs Ltd is a constituent, has increased around 7.36% in last one month and is currently quoting at 13936.7, down 0.04% on the day. The volume in the stock stood at 7.41 lakh shares today, compared to the daily average of 20.92 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 348.45, down 0.75% on the day. Laurus Labs Ltd tumbled 33% in last one year as compared to a 22.6% rally in NIFTY and a 9.52% spurt in the Nifty Metal index.
The PE of the stock is 24.98 based on TTM earnings ending March 23.