Biocon Ltd. rises 1.24% as Sensex climbs

Biocon Ltd. rises 1.24% as Sensex climbs
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Synopsis

The stock traded at a P/E multiple of 80.58, while the price-to-book value ratio stood at 4.84.

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In effect, financial markets are betting that there is some reasonable approximation of normal on some foreseeable horizon.

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Shares of Ltd. traded at Rs 411.45 on BSE at 12:20PM (IST) on Tuesday, up 1.24 per cent from previous close.

The scrip quoted a 52-week low price of Rs 298.05 and a high of Rs 487.7.

Earlier, the stock saw a gap down opening in the morning.

A total of 30,068 lakh shares changed hands on the counter till 12:20PM (IST).

The stock of Biocon Ltd. commanded a market value of Rs 49212.0 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 80.58, while the price-to-book value ratio stood at 4.84. Return on equity (ROE) was at 11.15 per cent, according to exchange data.

In the BSE500 pack, 365 stocks traded in the green, while 135 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 0.98.

Promotor/FII Holding
Promoters held 39.75 per cent in Biocon Ltd. as of 31-Dec-2020 while overseas and domestic institutional investors owned 17.65 per cent and 3.05 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 420.49 on April 06, while the 50-DMA was at 399.73. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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