Alkem Labs shares jump 4% as Nomura maintains ‘Buy' rating with Rs 5,430 target after strong Q1 results
Alkem Labs shares jumped over 4% following Nomura's reaffirmation of a Buy rating with a target price of ₹5,430. As of 11:04 AM, the shares were trading 4.37% higher at Rs 5,374.00.
The brokerage highlighted strong Q1 performance, where Alkem Labs exceeded expectations with sales up 4%, EBITDA soaring 25%, and net profit rising an impressive 44% compared to estimates.
Alkem Labs shares showed strong performance today, trading between a low of ₹5,240 and a high of ₹5,387. The stock opened at ₹5,240, slightly higher than the previous close of ₹5,149. Over the past year, Alkem Labs has seen a 52-week low of ₹4,491.65 and a high of ₹6,439.90, indicating a solid range of movement.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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