Share price of Biocon Ltd. falls as Sensex gains 338.85 points

Share price of Biocon Ltd. dropped 0.45 per cent to Rs 410.55 at 01:09PM (IST) in Tuesday's trade. The counter hit a high of Rs 417.25 and low of Rs 407.6 so far during the session. The stock had closed at Rs 412.4 in the previous session.

The counter had a total traded volume of 01:09PM shares so far with a turnover of Rs 4.92 crore on BSE. The stock traded at a price-to-earnings multiple of 71.1 and a price-to-book ratio of 6.66.

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 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.

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 firm 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.

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