This small-cap pharma stock is buzzing on bourses
The shares of Auro Laboratories have gained by almost 43.90 per cent in the last two trading sessions. The stock has been buzzing since the second day of this week when it jumped by 10.81 per cent during Tuesday’s trading session.
On Friday, the shares of Auro Laboratories made a fresh 52-week high of Rs 97.35 per share. The stock continues to gain from the pharma sector’s upward trend.
The stock has been gaining for the last 5 days and has given 76.20 per cent returns during this period. It has given returns of 72.41 per cent and 99.46 per cent for 1 month and 6 months, respectively.
On a YTD basis, the stock has gained by 97.06 per cent. According to BSE data, the stock traded at a P/E multiple of 11.67 and a price-to-book ratio of 2.35.
Auro Laboratories is a manufacturer of active pharmaceutical ingredients (API's), intermediates & generic formulations.
The company reported a net profit of Rs 1.39 crore in Q1FY21, up by 202.17 per cent from Rs 0.46 crore reported in Q1FY20.
At 11.04 am on Friday, the stock of the company was trading at Rs 93.50, up by 15.22 per cent or Rs 12.35 per share.