Biocon shares down 0.41% as Sensex rises

Biocon shares down 0.41% as Sensex rises
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Synopsis

A total of 102,002 shares changed hands on the counter till 01:21PM (IST)

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Sensex and Nifty shed more than 9 per cent last week, and the indices entered bear market territory, and the bottom is not yet in sight.
Shares of Ltd. fell 0.41 per cent to Rs 403.9 in Tuesday's session as of 01:21PM (IST) even as the equity benchmark Sensex traded 235.76 points higher at 52810.22.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 487.7 and a 52-week low of Rs 363.3 on NSE. Around 102002 shares changed hands on the counter till 01:21PM (IST).

The stock opened at Rs 408.85 and has touched an intraday high and low of Rs 409.0 and Rs 401.3 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 65.53, earnings per share (EPS) of Rs 6.17 and price to book value (PB) of 4.84, while the return on equity (ROE) stood at Rs 9.7.

Did you Know?

Stock score of Biocon Ltd moved up by 1 in a month.

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Promoter/ FII Holding
The promoters held 60.67 per cent stake in the company as of June 22, while FII and MF ownerships stood at 16.79 per cent and 2.51 per cent, respectively.

Key Financials
With a market capitalisation of Rs 48528.0 crore, the company operates in the Pharma - Indian industry. For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 2044.1 crore, up 8.79 per cent from the previous quarter?s Rs 1878.9 crore and up 24.33 per cent from the same quarter a year ago. The company reported net profit of Rs 253.2 crore for the latest quarter, up 105.19 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 56.8. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.

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