Alkem Laboratories Ltd soars 0.36%, gains for fifth straight session
Alkem Laboratories Ltd is up for a fifth straight session today. The stock is quoting at Rs 5065.4, up 0.36% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.07% on the day, quoting at 24697.95. The Sensex is at 80903.8, up 0.02%. Alkem Laboratories Ltd has gained around 2.56% in last one month.
Meanwhile, Nifty Pharma index of which Alkem Laboratories Ltd is a constituent, has gained around 4.31% in last one month and is currently quoting at 22761.15, up 1% on the day. The volume in the stock stood at 30458 shares today, compared to the daily average of 1.18 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 5083, up 0.67% on the day. Alkem Laboratories Ltd is down 3.08% in last one year as compared to a 0.64% slide in NIFTY and a 6.72% slide in the Nifty Pharma index.
The PE of the stock is 26.51 based on TTM earnings ending March 25.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
28 minutes ago
- India.com
After ICICI Bank, bad news for HDFC Bank customers, hikes minimum balance limit to Rs...
(File) HDFC Bank Minimum Balance: In a major decision set to affect millions of account holders, HDFC Bank– India's largest private banking institution– has hiked the minimum balance limit for savings accounts, making it mandatory for account holders to maintain a minimum balance to avoid penalties in case of non-compliance. What is the new minimum balance limit for HDFC Bank savings account? As per the new rules announced by HDFC Bank, account holders are now required to keep a minimum of Rs 25,000 in their savings accounts, failing which would invite a penalty from the bank. Earlier, the HDFC Bank had a minimum balance requirement (MBR) of Rs 10,000 for savings accounts. The new MBR rule came into effect from August 1 in metro cities and urban areas, and affects all HDFC Bank customers who open savings accounts on or after the said date. ICICI Bank hikes MBR HDFC Bank's MBR hike came day after ICICI Bank– the country's second-largest bank– increased the minimum balance limit on savings accounts from Rs 10,000 to Rs 50,000 per month. ICICI Bank's MBR hike also came into effect on August 1 and was implemented across all its branches in metro and urban regions. Notably, ICICI Bank also hiked the MBR for savings accounts in its semi-urban branches from Rs 5000 to Rs 25,000 per month, while MBR for savings accounts in branches located in rural areas was increased from Rs 5000 to Rs 10,000 per month.
Economic Times
28 minutes ago
- Economic Times
S&P 500, Nasdaq hit record highs at open on September rate cut hopes
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
India.com
28 minutes ago
- India.com
Good news for Anil Ambani, Reliance Infra wins Rs 5260000000 arbitration award against…
Reliance Infrastructure (RInfra) on Wednesday said it has secured an arbitration award of Rs 526 crore against Aravali Power Company Pvt Ltd. In an exchange filing, the company stated that the arbitration was initiated after Aravali Power wrongfully terminated a contract in 2018. RInfra Wins Rs 526 cr Arbitration Award 'The arbitral tribunal, by a majority award, has held the termination to be invalid and awarded consequential claims Rs 526 crore in favour of Reliance Infrastructure,' it said. Proceeds from the award will be utilised for growth capital, RInfra said. Reliance Infrastructure is a major player in providing Engineering and Construction (E&C) services for developing power, infrastructure, metro and road projects. Why RInfra Invoked Arbitration Against APCPL? Reliance Infrastructure (RInfra) had invoked arbitration against Aravali Power Company Pvt Ltd (APCPL) in 2018, after the latter's termination of a contract that RInfra claimed was wrongful. The dispute began after APCPL alleged a breach of contract, issued a termination notice, and also invoked arbitration the same year. On July 1, the Delhi High Court sought RInfra's response to a petition by APCPL seeking enforcement of a Rs 600-crore arbitral award it secured against the Anil Ambani-led firm in December last year. RInfra is part of the Reliance Group, is an Indian private-sector enterprise engaged in power generation, infrastructure, construction, and defence. As of August 13, the company's market capitalisation was at Rs 10,501 crore. (With Inputs From PTI)
