The stock quoted a 52-week low price of Rs 327.75 and a high of Rs 487.7.
Earlier, the stock saw a gap up opening in the morning.
A total of 69,685 lakh shares changed hands on the counter till 10:56AM (IST).
The stock of Biocon Ltd. commanded a market value of Rs 43629.8 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 64.59, while the price-to-book value ratio stood at 6.51. Return on equity (ROE) was at 9.83 per cent, according to exchange data.
In the BSE500 pack, 298 stocks traded in the green, while 202 stocks were in the red.
The stock’s beta value, which measures volatility in relation to the broader market, stood at 0.98.
Promotor/FII Holding
Promoters held 39.73 per cent in Biocon Ltd. as of 30-Jun-2021 while foreign and domestic institutional investors owned 15.91 per cent and 2.6 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 405.79 on September 03, while the 50-DMA was at 381.84. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
