Biocon shares down 3.16% as Sensex falls

Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 487.7 and a 52-week low of Rs 320.9 on NSE. Around 449665 shares changed hands on the counter till 02:15PM (IST).

The stock opened at Rs 392.0 and has touched an intraday high and low of Rs 392.0 and Rs 380.55 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 61.92, earnings per share (EPS) of Rs 6.17 and price to book value (PB) of 4.84, while the return on equity (ROE) stood at Rs 11.15.

Promoter/ FII Holding
The promoters held 60.67 per cent stake in the company as of April 30, while FII and MF ownerships stood at 16.79 per cent and 2.51 per cent, respectively.

Key Financials

With a market capitalisation of Rs 45852.0 crore, the company operates in the Pharma – Indian industry. For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 2044.1 crore, up 8.79 per cent from the previous quarter?s Rs 1878.9 crore and up 24.33 per cent from the same quarter a year ago. The company reported net profit of Rs 253.2 crore for the latest quarter, up 105.19 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 35.56. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.