Share price of Biocon jumps as Sensex gains 252.64 points

Share price of Ltd. gained 0.93 per cent to Rs 385.1 at 10:46AM (IST) in Wednesday's trade. The counter hit a high of Rs 386.45 and low of Rs 380.75 so far during the session. The stock had closed at Rs 381.55 in the previous session.

The counter had a total traded volume of 10:46AM shares so far with a turnover of Rs 1.13 crore on BSE. The stock traded at a price-to-earnings multiple of 62.37 and a price-to-book ratio of 4.84.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding
Promoters held 60.67 per cent stake in the company as of 31-Mar-2021, while overseas investors and domestic institutional investors ownership stood at 16.79 per cent and 6.64 per cent, respectively.

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 the previous quarter's Rs 1878.9 crore and up 24.33 per cent from the year-ago quarter's Rs 1644.1 crore.

Its profit for the latest quarter stood at Rs 253.2 crore, up 105.19 per cent from the same quarter a year ago.