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Laurus Labs in focus, zooms over 15%; stock hits all-time high

Shares of Laurus Labs zoomed around fifteen per cent to hit an all-time substantial of Rs 1,080 on the BSE on Monday. The business past 7 days experienced documented a robust set of quantities for the quarter finished June 2020.

At 01:39 pm, the stock was buying and selling around seven per cent better at Rs 1,002 on the BSE. In comparison, the benchmark S&P BSE Sensex was buying and selling practically 1.five per cent decrease at 37,070 degrees.

For the April-June, 2020 quarter, Laurus Labs posted consolidated revenue of Rs 974 crore, up 77 per cent year-on-year (YoY) although earnings in advance of interest, taxes, depreciation, and amortisation (EBITDA) stood at Rs 285 crore, up 288 per cent YoY. EBITDA margin came in at 29 per cent although web gain or gain just after tax (PAT) zoomed 1047 per cent YoY to Rs 172 crore. Click Right here TO

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