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Biocon Plunges 6%; BSE HEALTHCARE Index Down 1.6%
Mon, 5 Aug 11:28

Biocon Plunges 6%; BSE HEALTHCARE Index Down 1.6%Image source: StarLineArts/www.istockphoto.com

Biocon share price has plunged 6% and is presently trading at Rs 335.3.

Meanwhile, the BSE HEALTHCARE index is at 40,154.0 (down 1.6%).

Among the top losers in the BSE HEALTHCARE index today are HIKAL CHEMIC (down 6.3%) and CAPLIN POINT (down 5.8%).

Sun Pharma (up 0.2%) is among the top gainers today.

Over the last one year, Biocon has moved up from Rs 255.9 to Rs 335.3, registering a gain of Rs 79.5 (up 31.1%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,644.7 to 40,154.0, registering a gain of 45.3% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 119.1%), SUVEN PHARMACEUTICALS (up 99.0%) and GSK Pharma (up 97.1%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 78,477.9 (down 3.1%).

The top losers among the BSE Sensex today are Tata Motors (down 6.6%) and Tata Steel (down 5.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,914.3 (down 3.3%). Tata Motors and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 78,477.9, registering a gain of 12,018.6 points (up 18.1%).

Biocon Financial Update...

Biocon net profit fell 50.4% YoY to Rs 2,256 million for the quarter ended March 2024, compared to a profit of Rs 4,546 million a year ago. Net sales rose 3.8% to Rs 39,171 million during the period as against Rs 37,739 million in January-March 2023.

For the year ended March 2024, Biocon reported 101.8% increase in net profit to Rs 12,978 million compared to net profit of Rs 6,430 million during FY23. Revenue of the company grew 32.1% to Rs 147,557 million during FY24.

The current Price to earnings ratio of Biocon, based on rolling 12 month earnings, stands at 29.1.

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