Laurus Lab News Today

The management said a $100 million investment in CDMO services is ongoing.

The company also expects an improvement in its net debt leverage and working capital in FY25.

Laurus Labs Q4 earnings: A poll of brokerages had pegged the profit at Rs 107 crore

Given the current circumstances, three stocks have formed a good setup on the charts making them attractive from a risk-reward perspective.

At the time of close, the Sensex was down 27.09 points, or 0.04%, at 73,876.82, while the Nifty was down 18.6 points, or 0.08%, at 22,434.70.

Day trading stocks: Experts have recommended nine stocks to buy today — UPL, Devyani International, Titan, Tata Communications, TVS Motor, Laurus Lab, GNFC, Mastek, and Maruti Suzuki India Ltd

At the recent Global Investment Summit (GIS) held in Visakhapatnam, memorandums of understanding (MoUs) worth Rs 13.11 lakh crore were signed. These contracts, valued at Rs 386 crore, are expected to create 6 lakh new jobs in the state.

Top gainers on the Nifty were NTPC, Hero MotoCorp, Power Grid Corporation, Eicher Motors and Adani Ports, while losers were TCS, Infosys, Bajaj Finserv, HDFC Life and Axis Bank.

We mentioned yesterday that the indices may bounce back a bit. After remaining weak for the first half of the session, the main indices bounced bank and closed in the green. On Wednesday, 2179 stocks advanced, 1597 declined and 114 remained unchanged, with an advance decline ratio of 1.36 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.

According to the report, inspections are happening at Sun Pharmas Dadra Facility, Torrent Pharma’s Oncology Facility, & Laurus Labs’ Vizag Facility.