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Biocon rises on plan to spend 10% of its annual biopharma revenue on R&D in next fiscal year

03 Feb 2015 Evaluate

Biocon is currently trading at Rs. 423.50, up by 1.35 points or 0.32% from its previous closing of Rs. 422.15 on the BSE.

The scrip opened at Rs. 424.65 and has touched a high and low of Rs. 426.80 and Rs. 421.10 respectively. So far 26455 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 553.70 on 04-Jul-2014 and a 52 week low of Rs. 402.45 on 07-Jan-2015.

Last one week high and low of the scrip stood at Rs. 427.90 and Rs. 405.10 respectively. The current market cap of the company is Rs. 8473.00 crore.

The promoters holding in the company stood at 61.02% while Institutions and Non-Institutions held 18.22% and 20.75% respectively.

Biocon is planning to spend 10 per cent of its annual biopharma revenue on research and development (R&D) in the next fiscal year. The company, which is pursuing R&D in both novel biologics as well as biosimilars (generic versions of biologic drugs), in various stages of trials, had spent around Rs. 131 crore on R&D in the previous fiscal year which was 6 per cent of biopharma sales.

The pharma major has spent Rs 47 crore on R&D in the third quarter of this fiscal, an increase of 124 per cent over the corresponding period of the year-ago period. The firm earned revenues of Rs. 436 crore from its biopharma business during the quarter.

Biocon is India’s largest and Asia’s leading biotechnology company with a strategic focus on biopharmaceuticals and research services. It is a fully integrated, innovation-driven biopharma enterprise offering affordable solutions for chronic diseases to patient's worldwide.

 

Biocon Share Price

358.20 7.65 (2.18%)
17-Apr-2026 16:59 View Price Chart
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