India's Laurus Labs hits over 2-year trough

Laurus Labs

13/03/2023 07:26

** Shares of Laurus Labs  LAUL.NS  down as much as 1.88% at
303 rupees, their lowest level since November 2020
    ** Co on track for fourth consecutive session of losses, if
trend holds
    ** LAUL has been trading below its 50-, 100-, and 200-day
simple moving averages, indicating bearish sentiment 
    ** Brokerages bullish on the co, with 6 out of 11 firms
rating the stock a "buy" or above, 3 recommend a "hold", and 2
rate it a "sell" or below, their median PT is 400 rupees -
Refinitiv data
    ** More than 796,652 shares change hands, as of 12:36 p.m.
IST, 0.6x 30-day average of 1.3 million shares 
    ** Stock down 17.71% YTD as of last close, after losing
30.37% in 2022

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))