Biocon Stock Price: Biocon share price down 0.82 per cent

Shares of Ltd. traded 0.82 per cent up at Rs 403.15 at around 02:03PM (IST) on Tuesday. The stock had closed at Rs 406.5 in the previous session. Equity benchmark Sensex traded 35.47 points higher at 47984.89 around the same time.

The scrip has climbed 12.66 per cent in the last one year till date, while the 30-share index has gained 73.88 per cent during the same period.

The stock’s 52-week high price stood at Rs 487.7 and the 52-week low price at Rs 320.9.

Trading volume on the counter stood at 109,100 shares, while it quoted a price-to-earnings ratio of 79.34, an EPS value of 5.09 and a price-to-book value of 4.84. In the Nifty50 pack, 33 stocks traded in the green, while 17 stocks were in the red.

Promoter/FII Holding
Promoters held 121.34 per cent stake in the company as of 31-Mar-2021, while FII and mutual funds’ ownership stood at 33.58 per cent and 5.02 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 1878.9 crore, up 6.74 per cent from the previous quarter’s Rs 1760.3 crore and up 5.33 per cent from the year-ago quarter’s Rs 1783.9 crore. The company reported net profit of Rs 168.6 crore for the latest quarter.

Technical Indicators

The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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