Biocon Share Price: Biocon share price up 2.28 per cent

Shares of Ltd. traded 2.28 per cent up at Rs 385.5 at around 10:15AM (IST) on Friday. The stock had closed at Rs 376.9 in the previous session. Equity benchmark Sensex traded 397.36 points higher at 59538.52 around the same time.

The scrip has declined 12.8 per cent in the last one year till date, while the 30-share index has gained 53.23 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 327.75.

Trading volume on the counter stood at 321,583 shares, while it quoted a price-to-earnings ratio of 67.72, an EPS value of 5.63 and a price-to-book value of 6.51. In the Nifty50 pack, 40 stocks traded in the green, while 10 stocks were in the red.

Promoter/FII Holding
Promoters held 60.64 per cent stake in the company as of 30-Jun-2021, while foreign institutional investors and mutual funds’ ownership stood at 16.52 per cent and 2.6 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 1807.8 crore, down 11.56 per cent from the previous quarter’s Rs 2044.1 crore and down 7.0 per cent from the year-ago quarter’s Rs 1689.6 crore. The company reported net profit of Rs 84.4 crore for the latest quarter.

Technical Indicators

The MACD signalled a bullish 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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