It also formed long bullish candles on daily and weekly charts which is broadly positive. We are of the view that as long as the stock is trading above 20-Day SMA (Simple Moving Average) or Rs 560, the uptrend formation is likely to continue. Above which, it could move up to Rs 600-625.
Laurus Labs shares rally over 4% as Q1FY27 profit jumps 126% on strong CDMO growth
Laurus Labs reported a strong June-quarter performance, with net profit more than doubling and revenue rising 29% year-on-year, driven by robust growth in its CDMO