Biocon Ltd gains for third straight session

9 Mar 2022 , 01:05 PM

Biocon Ltd is up for a third straight session today. The stock is quoting at Rs 338, up 1.06% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 1.7% on the day, quoting at 16285. The Sensex is at 54444.92, up 1.91%. Biocon Ltd has slipped around 16.27% in last one month.

Meanwhile, Nifty Pharma index of which Biocon Ltd is a constituent, has slipped around 3.8% in last one month and is currently quoting at 12844.85, up 1.95% on the day. The volume in the stock stood at 16.1 lakh shares today, compared to the daily average of 38.38 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 339, up 0.94% on the day. Biocon Ltd is down 16.04% in last one year as compared to a 7.32% jump in NIFTY and a 6.35% jump in the Nifty Pharma index.

The PE of the stock is 348.65 based on TTM earnings ending December 21.

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