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The stock quoted a 52-week high price of Rs 817.95 and low of Rs 469.75.

The company has proposed a buyback of 14,16,666 fully paid-up equity shares of the face value of Rs 1 each at Rs 1,200 per share through the tender offer process

The Relative Strength Index of the stock stood at 41.59 on Thursday.

"Further, we have received consent for operation for 645 KLPD distillery. We will update on the trial run of 645 KLPD Distillery in due course," the company told the bourses in the exchange further.

A total of 36,512 shares changed hands on the counter till 01:19PM (IST)

"We lowered our stimate by up to 6 per cent to factor in a miss on margin," it added. It is awaiting further evidence of the execution of strategy, and a successful turnaround from its growth struggles over the last decade before turning more constructive on the stock.

Terra is a highly controversial blockchain project that blew up this year and arguably took down the entire crypto market with it. After its original coin was transitioned into LUNC (LUNA Classic) with a reinvigorated blockchain – a new LUNA has taken its place. And it was the highest gainer yesterday much like DYDX on Monday.

Biocon Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 31515.75 Crore) operating in Pharmaceuticals sector.

“This strong growth guidance and margin performance (despite wage hikes) in an environment, where the demand for IT services is expected to be incrementally weaker, should help improve investor confidence in its business and lower the valuation gap with larger Tier 1 IT services peers.

The stock traded at a P/E multiple of 99.54, while the price-to-book value ratio stood at 19.49.