Biocon Share Price: Biocon stock price up 0.66 per cent as Sensex slides

Shares of Ltd. rose 0.66 per cent to Rs 406.85 at 12:19PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 55,484 shares with a turnover of Rs 2.24 crore till 12:19PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 65.71, while the price-to-book value ratio stood at 4.84.

Return on equity (ROE) was at 9.7 per cent, according to exchange data. The stock hit an intraday high of Rs 407.4 and a low of Rs 402.0 during the session and quoted a 52-week high price of Rs 487.7 and a 52-week low of Rs 363.3.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.98.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 417.59 on June 29, while the 50-DMA was at Rs 392.51. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 58.83. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2021, promoters held 60.67 per cent stake in the company, while FIIs held 16.79 per cent and domestic institutional investors had 6.64 per cent.

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