Divis Laboratories Ltd is up for a third straight session today. The stock is quoting at Rs 3784.45, up 1.29% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.11% on the day, quoting at 19975.15. The Sensex is at 67131.77, up 0.01%. Divis Laboratories Ltd has gained around 1.44% in last one month. Meanwhile, Nifty Metal index of which Divis Laboratories Ltd is a constituent, has gained around 0.16% in last one month and is currently quoting at 15309.95, up 0.13% on the day. The volume in the stock stood at 5.29 lakh shares today, compared to the daily average of 4.36 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 3784, up 1.23% on the day. Divis Laboratories Ltd is up 3.19% in last one year as compared to a 10.54% jump in NIFTY and a 20.27% jump in the Nifty Metal index.The PE of the stock is 67.81 based on TTM earnings ending June 23.
Emerging $20 billion generics opportunity, cost leadership, existing capacity, excellent regulatory track record, operational efficiency and laser-sharp focus on IP compliance can help the company win big, say analysts.
The Nifty is expected that the Nifty will likely continue to trade sideways, as long as it sustains within the range of 19,200 to 19,500, implying a range bound trades unless there is a directional breakout