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LAURUSLABS
climbed 1.7% to ₹1,003, extending its uptrend within the pharma pack. The stock continues its steady ascent with improving earnings visibility and strong formulation exports.
Technical View:
Price rebounded from ₹960 support, holding above 14-EMA with RSI at 63.2, signaling healthy bullish momentum.
Sustaining above ₹995 may lead to next leg toward ₹1,050–₹1,080; support seen near ₹970.
Trend bias: Positive; mild consolidation possible before continuation.
Fundamental View:
Strong outlook in CDMO, APIs, and oncology formulations.
Revenue diversification into non-ARV portfolio improving stability.
Margins expected to expand with normalization of input costs and operating leverage.
Brokerages maintain a Buy stance with medium-term targets near ₹1,100+.#FundamentalViews#TechnicalViews#EquityResearch
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