Why is the Laurus Lab stock price falling in November 2022

Why is Laurus Labs shares going down?

With today’s decline, the stock of the pharmaceutical company has slumped 21 per cent from its record high level of Rs 345, touched on October 30, 2020, in intra-day trade. Laurus Labs was down on profit booking after the company reported a robust set of July-September quarter (Q2FY21) numbers.

What will be the future of Laurus Labs?

Laurus Labs Ltd. quote is equal to 594.050 INR at 2022-04-13. Based on our forecasts, a long-term increase is expected, the “Laurus Labs Ltd” stock price prognosis for 2027-04-09 is 952.196 INR. With a 5-year investment, the revenue is expected to be around +60.29%.

Is Laurus Labs good for long term investment?

It’s nice to see that Laurus Labs shareholders have gained 61% (in total) over the last year. That includes the value of the dividend. But the three year TSR of 92% per year is even better. It’s always interesting to track share price performance over the longer term.

Is Laurus Labs a good stock to buy?

ICICI Direct has buy call on Laurus Labs with a target price of Rs 670. The current market price of Laurus Labs is Rs 519.65. Time period given by analyst is one year when Laurus Labs Ltd. price can reach defined target.

Why Laurus Labs share is increasing?

However, Laurus Labs in Q3 results conference call said the company is witnessing increased demand for the ARV business. “Increased demand for ARV business, witnessing commodity customers and formation sales from global multilateral agencies comes from January-March quarter (Q4) onwards.

What is the product of Laurus lab?

Laurus Labs claims to be the “world’s largest third party API supplier for anti-retrovirals” and has one of the largestHiPotent API capacities in India The company also makes Dolutegravir/lamivudine/tenofovir, a medication for HIV/AIDS, and hydroxychloroquine tablets, which are used to treat certain types of malaria.

What is the intrinsic value of Laurus Labs?

Laurus Labs

As Of	Intrinsic Value	Market Price
	Rs. 273.02	Rs. 538.90
	—-	Rs. 605.10
		5.95 0.98%