Prospects in key segments to keep Laurus Labs' growth trajectory strong

The stock has seen a six-fold jump in value over the last one year

Laurus Labs has been one of the big outperformers within the pharma space gaining 90 per cent over the past three months; a third of these gains came in the last month. Investor demand for the stock is due to robust growth prospects for each of its three segments, incremental capacities and expansion of product portfolio.

Near term trigger has been the growth in the active pharmaceutical ingredient (API) segment, which accounts for over half of its revenue. Even as overall sales were up 68 per cent y-o-y in the March quarter, the API segment grew 88 per cent.

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