Biocon Ltd down for fifth straight session

Biocon Ltd is quoting at Rs 245.25, down 0.02% on the day as on 13:24 IST on the NSE. The stock tumbled 19.43% in last one year as compared to a 9.13% rally in NIFTY and a 13.74% fall in the Nifty Pharma index.

Jun 18, 2019 08:06 IST capital market

Biocon Ltd is down for a fifth straight session today. The stock is quoting at Rs 245.25, down 0.02% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 11688.7. The Sensex is at 39026.59, up 0.17%.Biocon Ltd has lost around 6.22% in last one month.Meanwhile, Nifty Pharma index of which Biocon Ltd is a constituent, has eased around 6.15% in last one month and is currently quoting at 7975.25, up 0.09% on the day. The volume in the stock stood at 17 lakh shares today, compared to the daily average of 25.15 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 245.9, up 0.35% on the day. Biocon Ltd tumbled 19.43% in last one year as compared to a 9.13% rally in NIFTY and a 13.74% fall in the Nifty Pharma index.

The PE of the stock is 93.46 based on TTM earnings ending March 19.

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