Share price of Biocon rises as Nifty weakens

Share price of Biocon rises as Nifty weakens
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Synopsis

A total of 29,610 shares changed hands on the counter till 11:22AM (IST).

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In effect, financial markets are betting that there is some reasonable approximation of normal on some foreseeable horizon.
Shares of Ltd. gained 0.97 per cent to Rs 400.7 in Monday's trade as of 11:22AM (IST).

The stock hit a high price of Rs 401.15 and low of Rs 397.55 during the session.

The return on equity (ROE) for the stock stood at 9.7 per cent. Traded volume on the counter stood at 11:22AM shares and turnover at Rs 1.18 crore around that time.

Did you Know?

Stock score of Biocon Ltd moved down by 1 in a week on a 10-point scale.

View Latest Stock Report »

The stock of Biocon Ltd. quoted a 52-week high and 52-week low prices of Rs 487.7 and Rs 363.3, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.98.

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

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.

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

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