Biocon Ltd slips for fifth straight session

Biocon Ltd dropped for a fifth straight session today. The stock is quoting at Rs 319.15, down 3.38% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.24% on the day, quoting at 22406.15. The Sensex is at 72534.84, down 0.98%.Biocon Ltd has lost around 17.53% in last one month.Meanwhile, Nifty Pharma index of which Biocon Ltd is a constituent, has eased around 7.21% in last one month and is currently quoting at 25596.65, down 2.02% on the day. The volume in the stock stood at 22.29 lakh shares today, compared to the daily average of 25.68 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 319.05, down 3.51% on the day. Biocon Ltd tumbled 11.22% in last one year as compared to a 13.14% slide in NIFTY and a 12.18% spurt in the Nifty Pharma index.

The PE of the stock is 178.24 based on TTM earnings ending June 26.

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