New Delhi, July 28 -- Laurus Labs saw its share price jump 8% in intraday trade on Monday, July 28, hitting a fresh all-time high of Rs.901 apiece, even as the Indian stock market remained range bound. The rally followed the company's strong performance in its June quarter earnings, prompting analysts to raise their target prices for the stock.

Domestic brokerage InCred Equities revised its target price upward to Rs.850 from Rs.640. However, the stock surpassed this revised target in today's session. The brokerage, however, maintained its 'Hold' rating, stating that the current valuation of 30x/24x FY26F/27F EV/EBITDA and 68x/46x FY26F/27F P/E already reflects most of the positives.

InCred's FY26F/27F EPS estimates were revised upward b...