Biocon Ltd extends losing streak

Biocon Ltd is quoting at Rs 396.6, down 0.51% on the day as on 13:19 IST on the NSE. The stock jumped 4.03% in last one year as compared to a 52.16% rally in NIFTY and a 40.99% spurt in the Nifty Pharma index.

Jun 18, 2021 01:06 IST capital market

Biocon Ltd dropped for a fifth straight session today. The stock is quoting at Rs 396.6, down 0.51% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.66% on the day, quoting at 15587.55. The Sensex is at 52019.44, down 0.58%.Biocon Ltd has added around 2.57% in last one month.Meanwhile, Nifty Pharma index of which Biocon Ltd is a constituent, has increased around 0.72% in last one month and is currently quoting at 14081.6, up 0.14% on the day. The volume in the stock stood at 20.3 lakh shares today, compared to the daily average of 27.99 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 395.5, down 0.83% on the day. Biocon Ltd jumped 4.03% in last one year as compared to a 52.16% rally in NIFTY and a 40.99% spurt in the Nifty Pharma index.

The PE of the stock is 170.41 based on TTM earnings ending March 21.

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