Biocon Ltd gained for a third straight session today. The stock is quoting at Rs 312, up 7.23% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 6.35% on the day, quoting at 8597.25. The Sensex is at 29344.72, up 6.36%. Biocon Ltd has risen around 3.65% in last one month.
Meanwhile, Nifty Pharma index of which Biocon Ltd is a constituent, has risen around 3.81% in last one month and is currently quoting at 7361.6, up 9.37% on the day. The volume in the stock stood at 56.28 lakh shares today, compared to the daily average of 48.3 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 314.1, up 7.66% on the day. Biocon Ltd is up 2.85% in last one year as compared to a 25.91% drop in NIFTY and a 12.9% drop in the Nifty Pharma index.
The PE of the stock is 114.98 based on TTM earnings ending December 19.
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