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    Biocon shares up 0.19% as Nifty gains

    Synopsis

    A total of 46,137 shares changed hands on the counter till 11:12AM (IST).

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    India 10-year bond yield declined 0.40 per cent to 5.98 after trading in 5.98 -6.04 range.
    NEW DELHI: Shares of Ltd. traded 0.19 per cent up in Tuesday's trade at 11:12AM (IST). Around 46,137 shares changed hands on the counter.

    The stock opened at Rs 367.15 and touched an intraday high and low of Rs 371.2 and Rs 366.3, 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.

    Total market cap of the Biocon Ltd. stood at Rs 44188.08 crore at the time of writing this report.

    Did you Know?

    Stock score of Biocon Ltd moved down by 2 in a month on a 10-point scale.

    View Latest Stock Report »

    Key Financials
    The company reported consolidated net sales of Rs 1807.8 crore for the quarter ended 30-Jun-2021, down 11.56 per cent from previous quarter's Rs 2044.1 crore and down 7.0 per cent from the year-ago quarter's Rs 1689.6 crore.

    The net profit for latest quarter stood at Rs 84.4 crore, down 43.51 per cent from the same quarter a year ago.

    Shareholding pattern
    As of 30-Jun-2021, DIIs held 2.6 per cent stake in the company, while foreign institutional investors held 16.52 per cent and the promoters 60.64 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 65.42 and a price-to-book ratio of 6.51. 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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