Biocon shares down 0.55% as Nifty drops

Biocon shares down 0.55% as Nifty drops
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

A total of 84,667 shares changed hands on the counter till 11:24AM (IST).

Getty Images
Among the 50 stocks in the Nifty index, 35 were trading in the green, while 14 were in the red.

INSIGHTS

Read Stock Insights by ET for a quick analysis

PEER COMPANIES

Explore Now
NEW DELHI: Shares of Ltd. traded 0.55 per cent down in Wednesday's trade at 11:24AM (IST). Around 84,667 shares changed hands on the counter.

The scrip opened at Rs 389.5 and touched an intraday high and low of Rs 390.5 and Rs 384.2, respectively, in the session so far. Shares of the company of Biocon Ltd. quoted a 52-week high of Rs 487.7 and a 52-week low of Rs 320.9.

As per BSE, the total market cap of the Biocon Ltd. stood at Rs 46578.0 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 2044.1 crore for the quarter ended 31-Mar-2021, up 8.79 per cent from previous quarter's Rs 1878.9 crore and up 24.33 per cent from the year-ago quarter's Rs 1644.1 crore.

The net profit for latest quarter stood at Rs 253.2 crore, up 105.19 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2021, domestic institutional investors held 2.51 per cent stake in the firm, while foreign institutional investors held 16.3 per cent and the promoters 39.75 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 62.9 and a price-to-book ratio of 4.84. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Biocon Ltd. belongs to the Pharma - Indian industry.

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day

Read before you invest. Insights on Biocon Ltd.. Explore Now