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Alkem Laboratories Ltd gained for a third straight session today. The stock is quoting at Rs 5297, up 2.36% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.51% on the day, quoting at 23336.3. The Sensex is at 74608.42, up 0.37%. Alkem Laboratories Ltd has slipped around 3.25% in last one month.
Meanwhile, Nifty Pharma index of which Alkem Laboratories Ltd is a constituent, has slipped around 0.57% in last one month and is currently quoting at 26146.2, up 1.4% on the day. The volume in the stock stood at 78414 shares today, compared to the daily average of 1.33 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 5305, up 1.58% on the day. Alkem Laboratories Ltd is down 3.33% in last one year as compared to a 8.21% slide in NIFTY and a 17.44% slide in the Nifty Pharma index.
The PE of the stock is 27.68 based on TTM earnings ending June 26.