Alkem Laboratories Sees Surge in Trading Volume and Strong Stock Performance

Alkem Laboratories Ltd, a prominent player in the Pharmaceuticals & Biotechnology sector, has emerged as one of the most active equities today. The stock, trading under the symbol ALKEM, recorded a total traded volume of 283,368 shares, with a total traded value of approximately Rs 15.05 crores.
Opening at Rs 5,240, Alkem reached an intraday high of Rs 5,387, reflecting a 4.62% increase from its previous close of Rs 5,149. The last traded price stands at Rs 5,309.5, marking a 2.70% gain for the day, significantly outperforming the sector's return of 0.55% and the Sensex's return of 0.28%.

Notably, Alkem has been on a positive trajectory, gaining for three consecutive days and achieving an impressive 11.25% return over this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the delivery volume surged to 254,000 shares on August 12, a remarkable increase of 983.18% compared to the 5-day average.

With a market capitalization of Rs 61,779 crores, Alkem Laboratories continues to demonstrate robust performance and liquidity, making it a noteworthy entity in the mid-cap segment of the market.