Biocon declines 1.89% as Sensex slides

Biocon declines 1.89% as Sensex slides
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Synopsis

The stock traded at a P/E multiple of 79.55, while the price-to-book value ratio stood at 4.84.

Once equity investing is viewed as a viable alternative to savings in the form of assets like property, gold and bank deposits, we may witness a spread of liquidity to a broader set of stocks.

INSIGHTS

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Shares of Ltd. traded at Rs 405.0 on BSE at 10:46AM (IST) on Monday, down 1.89 per cent from previous close.

The scrip quoted a 52-week low price of Rs 320.9 and a high of Rs 487.7.

Earlier, shares of the company saw a gap up opening in the morning.

A total of 62,468 lakh shares changed hands on the counter till 10:46AM (IST).

The stock of Biocon Ltd. commanded a market value of Rs 48582.0 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 79.55, 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, 59 stocks traded in the green, while 441 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-Mar-2021 while foreign and domestic institutional investors owned 16.3 per cent and 2.51 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 421.13 on April 19, while the 50-DMA was at 403.01. 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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