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As on 20-Oct-2021  13:35

Alkem Laboratories Ltd eases for fifth straight session

Alkem Laboratories Ltd fell for a fifth straight session today. The stock is quoting at Rs 3822.8, down 0.5% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.5% on the day, quoting at 18327. The Sensex is at 61462.03, down 0.41%.Alkem Laboratories Ltd has eased around 0.93% in last one month.Meanwhile, Nifty Pharma index of which Alkem Laboratories Ltd is a constituent, has eased around 0.01% in last one month and is currently quoting at 14384.35, down 0.74% on the day. The volume in the stock stood at 1.07 lakh shares today, compared to the daily average of 1.91 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 3825.55, down 0.53% on the day. Alkem Laboratories Ltd jumped 44.21% in last one year as compared to a 53.52% rally in NIFTY and a 22.6% spurt in the Nifty Pharma index.

The PE of the stock is 26.46 based on TTM earnings ending June 21.

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