Laurus Labs Hits ₹1 Lakh Crore Milestone

Hyderabad based pharmaceutical company Laurus Labs Limited achieved a major milestone after its market valuation touched the ₹1 lakh crore mark for the first time. During Thursday's opening trade on the BSE, the company's share price climbed to a new 52 week high of ₹1,858.95.

The stock later closed 0.39% higher at ₹1,842.70, taking the company's market capitalisation to ₹99,551.79 crore by the end of the session. Laurus Labs is now the second most valuable listed pharmaceutical company in Hyderabad, behind Divi's Laboratories, which has a market capitalisation of over ₹2.21 lakh crore.