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Divis Laboratories Ltd slips for fifth straight session
22-Sep-23   13:35 Hrs IST

Divis Laboratories Ltd dropped for a fifth straight session today. The stock is quoting at Rs 3729.25, down 0.47% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.15% on the day, quoting at 19771.25. The Sensex is at 66350.06, up 0.18%.Divis Laboratories Ltd has gained around 0.68% in last one month.Meanwhile, Nifty Metal index of which Divis Laboratories Ltd is a constituent, has eased around 1.03% in last one month and is currently quoting at 15306.7, down 1.18% on the day. The volume in the stock stood at 1.34 lakh shares today, compared to the daily average of 3.77 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 3733.1, down 0.68% on the day. Divis Laboratories Ltd jumped 2.38% in last one year as compared to a 14.1% rally in NIFTY and a 19.94% spurt in the Nifty Metal index.

The PE of the stock is 68.01 based on TTM earnings ending June 23.

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