India's Alkem Laboratories rises after GST demand relief order

Alkem Laboratories

06/05/2026 08:22

** Shares of India's Alkem Laboratories ALKE.NS up 3.89% at 5,614.5 rupees

** The pharmaceutical firm received a favourable Order-in-Appeal from a statutory authority, that dropped a GST demand of 696.6 million rupees ($7.33 million)

** Company sees no material impact on its financials, operation or other activities

** ALKE stock rated "buy" on avg by 17 analysts; median PT:5890 rupees - LSEG-compiled data

** YTD, Alkem stock down 1.88%

($1 = 95.0725 Indian rupees)

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))