The week before the previous week had seen Nifty bouncing off from the 20-week MA which stands at 16,854. It had halted its move near the 50-week MA. This week, it moved above that level as well. The 50-week MA positions itself at 17,084.
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