India's Laurus Labs hits near two-week high

Laurus Labs

04/10/2022 10:52

** Shares of Indian generic drugmaker Laurus Labs Ltd
 LAUL.NS  gain as much as 2.5% to 525 rupees, their highest
since Sept. 23
    ** Nifty pharma index  .NIPHARM  up 0.9%
    ** More than 843,000 shares traded as of 0949 GMT, vs 30-day
avg of more than 1 mln shares
    ** Seven of 11 brokerages rate the stock "buy" or higher, 1
"hold" and 3 "sell" or lower; their median PT is 550 rupees -
Refinitiv data
    ** Shares down 4.9% YTD, as of last close
 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))