Laurus Labs shares jump over 7% after securing land allotment in Andhra Pradesh

Laurus Labs stock price increased following Andhra Pradesh government's land allotment. The company will establish Laurus Pharma Zone in Anakapalli district. Laurus Labs plans to invest significantly over eight years. This project aims to boost pharma manufacturing. It is also expected to generate employment opportunities for many people. Technical indicators suggest a potential short-term pullback, but overall sentiment remains positive.