Biocon Ltd. shares gain 0.45% as Sensex rises

0
4
Biocon Ltd. shares  gain  0.45% as Sensex  rises


Shares of Ltd. traded 0.45 per cent higher in Thursday’s session at 11:48AM (IST). The stock opened at Rs 410.0 and has touched an intraday high and low of Rs 413.15 and Rs 409.1, respectively, during the session so far.

The stock quoted a 52-week high of Rs 487.7 and a 52-week low of 268.2. About 30,042 shares changed hands on the counter so far.

Benchmark Nifty50 was up 26.1 points at 14716.80, while the BSE Sensex traded 29.29 points higher at 49538.44 at the time of writing of this report.

In the Nifty pack, 34 stocks traded the day in the green, while 16 were in the red.

Key Financials

For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 1878.9 crore, up 6.74 per cent from the previous quarter’s Rs 1760.3 crore and up 5.33 per cent from the year-ago quarter. The company reported net profit of Rs 168.6 crore for the latest quarter.

Promoter Holdings

Promoters held 60.67 per cent stake in the company as of 31-Dec-2020, while FIIs held 18.33 per cent and MFs 3.05 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 420.28 on April 01, while the 50-DMA was at Rs 401.39. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here