InvestorQ : Why has Laurus Labs been rallying so sharply in the last one month?
Arusha Ray made post

Why has Laurus Labs been rallying so sharply in the last one month?

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8 months ago
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Laurus Labs has seen a sharp rally of over 30% in the last one month touching a new high levels of Rs.467 on 23 April. The sharp stock price rally was on the back of expectation of a strong performance by the company’s formulations segment in the coming quarters on the back of robust demand.

Laurus Labs board will meet on 29 April for its board meet wherein it is also likely to consider a third interim dividend for the year. In the third quarter, Laurus had seen 100% growth in its API business driven by growth in the anti-retroviral business. The demand came from lower middle income countries in the recent past.

Laurus is also evolving as a vertically integrated player in the pharma segment with a strong order book position and robust margins. Its free cash flow generation has been strong as have been its shareholder margin ratios. Thanks to the anti-retroviral portfolio and robust global demand, the company has seen a series of EPS upgrades by brokers and FPIs.

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