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ALKEM — Alkem Laboratories News Story

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India Alkem Laboratories gains on quarterly profit rise

** Alkem Laboratories ALKE.NS rises 4.5% to 5,064 rupees; marks biggest intraday pct gain since May 6

** Pharma products maker posts ~22% y/y rise in June-quarter consol net profit; consol rev from ops up 11.2% y/y

** More than 131,357 shares traded, 1.2x the 30-day avg

** Stock rated "hold" on avg; median PT is 5,022.5 rupees, per data compiled by LSEG

** YTD, ALKE down 10%

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))

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