Laurus Labs trades higher for fourth straight day; stock hits record high

The stock has outperformed the market in past four months. It has rallied 171 per cent since June on the back of strong quarterly earnings.

Shares of Laurus Labs hit a record high of Rs 1,263, up 4 per cent on the BSE in the intra-day trade on Thursday. The stock of the pharmaceutical company was trading higher for the fourth straight day, gaining 7 per cent during the period. It surpassed its previous high of Rs 1,263 touched on August 24, 2020, in the intra-day trade.

Laurus Labs has outperformed the S&P BSE Sensex in the past four months. Since June, it rallied 171 per cent on strong quarterly earnings. In comparison, the benchmark index was up 19 per cent during the same period.