Divis Laboratories Ltd drops for fifth straight session

Divis Laboratories Ltd fell for a fifth straight session today. The stock is quoting at Rs 9175.5, down 0.79% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.25% on the day, quoting at 22478.35. The Sensex is at 72078.38, up 0.23%.Divis Laboratories Ltd has eased around 1.5% in last one month.Meanwhile, Nifty Pharma index of which Divis Laboratories Ltd is a constituent, has eased around 2.14% in last one month and is currently quoting at 26311.55, down 0.79% on the day. The volume in the stock stood at 2.71 lakh shares today, compared to the daily average of 5.21 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 9226, down 0.44% on the day. Divis Laboratories Ltd jumped 57.48% in last one year as compared to a 10.37% slide in NIFTY and a 19.85% spurt in the Nifty Pharma index.

The PE of the stock is 82.36 based on TTM earnings ending June 26.