India's Laurus Labs hits over 20-mth low after fatal fire at plant

Laurus Labs

27/12/2022 04:59

** Shares of Laurus Labs Ltd  LAUL.NS  fall as much as 2.4%
to 372.65 rupees, their lowest since Apr. 5, 2021
    ** Drugmaker says four employees died following a flash fire
in a room in a manufacturing block of its Visakhapatnam plant
    ** Says other manufacturing blocks running normally; does
not expect any material impact on its operations
    ** Stock last down 1.5%, extending their slide to a
fourth-straight session, losing 4.5% over this period
    ** Around 1.4 mln shares change hands by 10:23 a.m. IST,
0.6x their 30-day avg    
    ** Laurus down 30.2% so far this year at current levels, on
track for worst-ever year
 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))