Laurus is well poised to follow the success story of some leading CDMO players backed by strong chemistry and integrated model
The company is scheduled to meet on April 29, 2021, to consider and approve the audited financial results of the company for the financial year ended March 31, 2021
The pharmaceutical company's stock surpassed its previous high of Rs 386, touched on January 25, 2021
Hindustan Copper, Aarti Drugs, Dixon Technology, APL Apollo Tubes, Laurus Labs and Affle India, meanwhile, zoomed over 400 per cent during FY21
Laurus Labs said the significant part of the above amount shall be utilized to release the pledge on their equity shares of the company
Healthcare companies to post decent growth in revenues in Q3FY21
Sun Pharmaceutical Industries hit afresh 52-week high of Rs 568.50, up nearly 4 per cent in the intra-day trade today. It has surged 11 per cent in the past four trading days on the BSE
Most brokerages have revised upwards their earnings estimates, not only for FY21, but also for FY22
Motilal Oswal Securities maintains 'buy' rating on Laurus Labs with target price of Rs 410 per share
Laurus Labs has signed a definitive agreement to acquire 72.55 per cent of Richcore's shares from Eight Roads Ventures and VenturEast for a value of Rs. 246.7 crore
Following the successful closure of thetransaction, Richcore will be renamed as Laurus Bio Pvt Ltd, it added
Sequent Scientific and Everyday Industries saw percentage shareholding pledged by promoters go down by over 44 per cent each and their shares rally by 68 per cent and 75 per cent, respectively
Meanwhile, Dr Reddy's Laboratories, Cipla, Infosys, HCL Technologies were up between 25 per cent and 75 per cent.
The company's profit after tax (PAT) was up 328 per cent year-on-year (YoY) at Rs 242 crore.
After a sustained bull run, the markets are expected to enter a turbulent period
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The pharmaceutical sector is the top performer in India's $2.1 trillion equity market this year after the coronavirus pandemic turned global investors' spotlight on health-care companies
The company's Ebitda margins improved 1,349 basis points to 32.8 per cent due to better product mix and improved operating leverage
The board has fixed September 30, 2020 as the 'record date' for sub-division of equity shares of the company from existing face value of Rs 10 each to face value of Rs 2 each
Lupin, Stride Pharma, Neuland Labs, Lincoln Pharma, and Hikal hit their respective 52-week highs on the BSE