There has been a tremendous jump in the shares of the country’s famous pharma company Laurus Labs within a year. In the year 2020, its price was only 103 rupees, while now it has increased to about 678 rupees.
Share Market
Even in this volatile phase of the stock market, a few selected companies are performing well. Their performance has been great even during the Corona period. This is the reason that investors who have invested money in it have benefited manifold. One of these stocks is Laurus Labs. This pharma company has given returns of up to 560 percent in a year. Due to which the investors have become rich. On June 29, 2020, the share price of the company was just Rs 103, but today i.e. on June 29, 2021, its price is Rs 678.90.
On the NSE, the company’s stock had gained 4.33 percent on the previous day. Even during the intraday, the company’s shares also touched their highest level of Rs 682.85. The company has given tremendous performance in the API segment for the last 2 years. The company’s stock has also continued to rise since last week. In view of its performance, the rating agency CARE has upgraded its rating to CARE AA with a stable outlook.
Net profit increased
There has been a steady increase in the net profit of this pharma company. If we look at its quarterly results, the consolidated net profit of the company was Rs 296.92 crore in the March quarter of the financial year 2020-21. Net profit stood at Rs 110.15 crore in the same quarter last year. Apart from this, the company’s operational revenue also increased by 68% to Rs 1411.93 crore in the March quarter, from Rs 839.14 crore in the same quarter last year.
more than 6 times profit
Laurus Labs gave returns of up to 560 percent within a year. That is, if someone had invested Rs 5 lakh a year ago, then their value would have been Rs 32.95 lakh. Meaning your money would have increased more than 6 times. It is known that Laurus Labs is one of the leading pharmaceutical companies in the country that deals in the API segment. It supplies API (Active Pharmaceutical Ingredients) to 9 of the world’s 10 largest generic pharmaceutical companies.
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