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    Biocon declines 0.95% as Sensex climbs

    Synopsis

    The stock traded at a P/E multiple of 61.94, while the price-to-book value ratio stood at 6.51.

    A broker reacts while trading at his computer terminal at a stock brokerage firm in MumbaiReuters
    Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a correction.
    Shares of Biocon Ltd. traded at Rs 348.9 on BSE at 12:55PM (IST) on Thursday, down 0.95 per cent from previous close.

    The scrip quoted a 52-week low price of Rs 327.75 and a high of Rs 487.7.

    Earlier, shares of the company saw a gap up opening in the morning.

    A total of 39,481 lakh shares changed hands on the counter till 12:55PM (IST).

    The stock of Biocon Ltd. commanded a market value of Rs 41840.91 crore, according to BSE.

    The stock traded at a price-to-earning (P/E) multiple of 61.94, while the price-to-book value ratio stood at 6.51. Return on equity (ROE) was at 9.83 per cent, according to exchange data.

    In the BSE500 pack, 290 stocks traded in the green, while 210 stocks were in the red.

    The stock's beta value, which measures volatility in relation to the broader market, stood at 0.98.

    Promotor/FII Holding
    Promoters held 39.73 per cent in Biocon Ltd. as of 30-Sep-2021 while foreign portfolio investors and domestic institutional investors owned 15.74 per cent and 2.58 per cent, respectively.

    Moving averages
    The 200-DMA of the stock stood at 394.37 on October 14, while the 50-DMA was at 362.11. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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