Laurus Labs rallies 6%, hits record high on heavy volume

Shares of Laurus Labs, on Tuesday, rallied 6 per cent and hit a record high of Rs 394.70 in intra-day trade on the BSE on expectation of strong earnings growth. The counter has seen huge trading volumes with a combined 2.9 million equity shares changing hands in the first 25 minutes of trading.

The pharmaceutical company's stock surpassed its previous high of Rs 386, touched on January 25, 2021. In the past six months, Laurus Labs has performed in-line with the S&P BSE Sensex, which gained 25 per cent during the same period.

On March 23, the rating