Alkem Laboratories Ltd dropped for a fifth straight session today. The stock is quoting at Rs 4993.5, down 0.21% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.65% on the day, quoting at 22740.8. The Sensex is at 73490.15, down 0.49%.Alkem Laboratories Ltd has eased around 6.34% in last one month.Meanwhile, Nifty Pharma index of which Alkem Laboratories Ltd is a constituent, has eased around 5.7% in last one month and is currently quoting at 25615, down 0.93% on the day. The volume in the stock stood at 25391 shares today, compared to the daily average of 1.39 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 4991, down 0.26% on the day. Alkem Laboratories Ltd tumbled 9.77% in last one year as compared to a 12.17% slide in NIFTY and a 12.88% spurt in the Nifty Pharma index.

The PE of the stock is 26.65 based on TTM earnings ending June 26.