Alkem Laboratories Ltd experienced a decline for the fifth consecutive session, trading at Rs 5418 as of 13:19 IST on the NSE. The stock has fallen approximately 3.83% over the past year, underperforming the NIFTY's rally and the Nifty Pharma index's decline. Over the last month, Alkem Laboratories Ltd has seen a decrease of around 3.41%, while the Nifty Pharma index has eased by 2.07%.