Biocon shares gain 1.71% as Sensex rises


Shares of Ltd. traded 1.71 per cent higher in Wednesday’s session at 01:27PM (IST). The stock opened at Rs 375.0 and has touched an intraday high and low of Rs 380.9 and Rs 370.15, respectively, during the session so far.

The stock quoted a 52-week high of Rs 487.7 and a 52-week low of 320.9. About 224,114 shares changed hands on the counter so far.

Benchmark Nifty50 was up 123.6 points at 14620.10, while the BSE Sensex traded 416.84 points higher at 48670.35 at the time of writing of this report.

In the Nifty pack, 40 stocks traded the day in the green, while 10 were in the red.

Key Financials

For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 2044.1 crore, up 8.79 per cent from the previous quarter’s Rs 1878.9 crore and up 24.33 per cent from the year-ago quarter. The company reported net profit of Rs 253.2 crore for the latest quarter.

Promoter Holdings

Promoters held 60.67 per cent stake in the company as of 31-Mar-2021, while FIIs held 16.79 per cent and MFs 2.51 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 420.01 on May 05, while the 50-DMA was at Rs 398.84. 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.

READ ALSO :  Android Malware Alert! Uninstall THESE apps to keep your bank account safe from hackers



Source link

Give a Comment