Latest Stock Market News

“Within the parameters in which we operate, our efforts are to align it to the international markets in the long run. At the same time, we will try to moderate the day-to-day volatility to the extent possible. ”

A total of 313,193 shares changed hands on the counter till 01:59PM (IST).

The stock quoted a 52-week high of Rs 2051.8 and a 52-week low of Rs 860.2.

Biocon Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 48780.38 Crore) operating in Pharmaceuticals sector.

As per the filing, the "proposed offer consists of a fresh issue of equity shares aggregating up to Rs 3,700 million (Rs 370 crore) and an offer for sale of equity shares aggregating up to Rs 3,700 million (Rs 370 crore) by the company".

The stock quoted a 52-week high of Rs 606.0 and a 52-week low of Rs 379.05.

The issue was subscribed only 22 per cent by 11.20 am on Tuesday as it saw bids for 54,88,926 only shares against an offering of 2,54,55,388 shares in the issue, the BSE data showed

“We are going into a dotcom bust kind of thing after almost 20-22 years and there will be a segregation of people who deliver really good businesses versus people who just are burning cash and will flame out.”

A total of 21,200 shares changed hands on the counter till 12:43PM (IST).

The Relative Strength Index of the stock stood at 67.09 on Tuesday.