Laurus Labs up 7% on stable sales, better margin guidance for H2 FY25

Quick Summary:

The average trading volumes on the counter jumped over five-fold today with a combined 13.5 million equity shares of the company changing hands on the NSE and BSE till the time of writing of this report.

Operating results were affected by lower utilisation of assets as the management continues to prioritise resources towards delivering several complex projects at various clinical phases.

The management further said the company remains committed to deliver key new chemical entity (NCE) opportunities in H2, which is in-line with full year growth outlook.

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Category: BusinessFinance

Markets: India

Topics: CMO Markets Oncology API business NCE Laurus Labs shares API business Q2 CDMO Contract manufacturing organizations ARV New chemical entity Oncology active pharmaceutical ingredient Antiretroviral Contract development and manufacturing organization

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 13:54:17 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23237244

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