Biocon shares up 0.99% as Nifty gains

NEW DELHI: Shares of Ltd. traded 0.99 per cent up in Friday’s trade at 10:57AM (IST). Around 61,654 shares changed hands on the counter.

The scrip opened at Rs 403.25 and touched an intraday high and low of Rs 409.25 and Rs 403.05, respectively, in the session so far. Shares of the company of Biocon Ltd. quoted a 52-week high of Rs 487.7 and a 52-week low of Rs 363.3.

Total market cap of the Biocon Ltd. stood at Rs 48708.34 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 2044.1 crore for the quarter ended 31-Mar-2021, up 8.79 per cent from previous quarter’s Rs 1878.9 crore and up 24.33 per cent from the year-ago quarter’s Rs 1644.1 crore.

The net profit for latest quarter stood at Rs 253.2 crore, up 105.19 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Jun-2021, DIIs held 2.6 per cent stake in the company, while foreign institutional investors held 16.52 per cent and the promoters 60.64 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 65.78 and a price-to-book ratio of 6.51. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

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