Share price of Biocon Ltd. falls as Sensex drops 316.81 points

The share price of Biocon Ltd. dropped 4.7 per cent to Rs 432.45 at 01:48PM (IST) in Monday's trade. The scrip has hit a high of Rs 454.25 and low of Rs 432.25 so far during the session. The stock had closed at Rs 453.8 in the previous session.

The counter has had a total traded volume of 115252 shares so far with a value of Rs 5.1 crore on the NSE. It traded at a price-to-earnings multiple of 75.51 and a price-to-book ratio of 4.84.

A higher P/E 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 89.46 per cent during the past one year, while the 30-share index advanced 3.71 per cent during the same period.

Biocon Ltd. belongs to the Pharma - Indian industry.

Promotor/FII Holding
Promoters held 39.75 per cent stake in the company as of 30-Jun-2020, while foreign investors and domestic institutional investors ownership stood at 15.93 per cent and 4.69 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 1671.3 crore for the quarter ended 30-Jun-2020, up 5.71 per cent from the previous quarter's Rs 1581.0 crore and up 14.01 per cent from the year-ago quarter's Rs 1465.9 crore.

Profit for the latest quarter stood at Rs 149.4 crore, down 27.58 per cent from the same quarter a year ago.