Alkem Labs shares jumped over 4% following Nomura’s reaffirmation of a Buy rating with a target price of ₹5,430. As of 11:04 AM, the shares were trading 4.37% higher at Rs 5,374.00.
The brokerage highlighted strong Q1 performance, where Alkem Labs exceeded expectations with sales up 4%, EBITDA soaring 25%, and net profit rising an impressive 44% compared to estimates.
Alkem Labs shares showed strong performance today, trading between a low of ₹5,240 and a high of ₹5,387. The stock opened at ₹5,240, slightly higher than the previous close of ₹5,149. Over the past year, Alkem Labs has seen a 52-week low of ₹4,491.65 and a high of ₹6,439.90, indicating a solid range of movement.
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