Biocon shares rally 1.38%

Biocon Ltd is quoting at Rs 401.15, up 1.38% on the day as on 12:49 IST on the NSE. The stock is up 56.94% in last one year as compared to a 92.34% spurt in NIFTY.

Biocon Ltd is up for a third straight session in a row. The stock is quoting at Rs 401.15, up 1.38% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.72% on the day, quoting at 14637.5. The Sensex is at 49385.54, down 0.95%. Biocon Ltd has risen around 4.1% in last one month.

Meanwhile, Nifty Pharma index of which Biocon Ltd is a constituent, has risen around 1.49% in last one month and is currently quoting at 11667.1, up 1.57% on the day. The volume in the stock stood at 19.25 lakh shares today, compared to the daily average of 35.06 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 399.8, up 0.97% on the day. Biocon Ltd is up 56.94% in last one year as compared to a 92.34% spurt in NIFTY and a 84.23% spurt in the Nifty Pharma index.

The PE of the stock is 160.91 based on TTM earnings ending December 20.

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