📰 ET Markets 🟢 BULLISH 🕒 16 Oct 2026, 03:22 PM IST

Laurus Labs shifts gears as CDMO emerges as key growth driver; Nuvama sees 24% upside

⚡ Instant Key Takeaways (TL;DR)

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Core Development: Laurus Labs shifts gears as CDMO emerges as key growth driver; Nuvama sees 24% upside

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Market & Financial Impact: Nuvama Institutional Equities has initiated coverage on Laurus Labs with a ‘Buy’ rating and a target price of Rs 2,520, implying a 24% upside from the current market price. The brokerage expects the drugmaker’s shift from its traditional anti-retroviral (ARV) business towards contract development and manufacturing (CDMO) to drive its next phase of growth.

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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

Nuvama Institutional Equities has initiated coverage on Laurus Labs with a ‘Buy’ rating.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

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Laurus Labs shifts gears as CDMO emerges as key growth driver; Nuvama sees 24% upside

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