Biocon shares up 0.08% as Nifty gains

Biocon shares up 0.08% as Nifty gains
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Synopsis

A total of 87,548 shares changed hands on the counter till 12:46PM (IST).

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According to the figures updated at 5.45 pm, the number of active COVID-19 cases is at 470.
NEW DELHI: Shares of Ltd. traded 0.08 per cent up in Friday's trade at 12:46PM (IST). Around 87,548 shares changed hands on the counter.

The stock opened at Rs 386.5 and touched an intraday high and low of Rs 387.5 and Rs 384.0, 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 363.3.

As per BSE, the total market cap of the Biocon Ltd. stood at Rs 46188.0 crore at the time of writing this report.

Did you Know?

Stock score of Biocon Ltd moved down by 1 in 3 months.

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Key Financials
The company reported consolidated net 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 same quarter a year ago.

Shareholding pattern
As of 31-Mar-2021, domestic institutional investors held 2.51 per cent stake in the company, 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 price-to-earnings multiple of 62.37 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.

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