Biocon rises as its step down subsidiary bags contract from Malaysia

Biocon Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 532523 | NSE: BIOCON

26 Apr 2022 Evaluate

Biocon is currently trading at Rs. 382.60, up by 1.90 points or 0.50% from its previous closing of Rs. 380.70 on the BSE.

The scrip opened at Rs. 382.90 and has touched a high and low of Rs. 387.80 and Rs. 381.50 respectively. So far 304454 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 420.25 on 11-Jun-2021 and a 52 week low of Rs. 314.90 on 25-Oct-2021.

Last one week high and low of the scrip stood at Rs. 387.80 and Rs. 337.50 respectively. The current market cap of the company is Rs. 45874.93 crore.

The promoters holding in the company stood at 60.64%, while Institutions and Non-Institutions held 23.98% and 15.39% respectively.

Biocon’s subsidiary -- Biocon Biologics’ arm Biocon Sdn. Bhd. in Malaysia has been awarded a three-year contract, valued at $90 million (MYR 375 million), for its recombinant human insulin brand Insugen, by the Ministry of Health (MoH), Malaysia.

Biocon Sdn. Bhd. will manufacture and supply its range of insulins to its partner Duopharma Marketing Sdn. Bhd. (DMktg), a subsidiary of Duopharma Biotech, a leading pharmaceutical & biotech company in Malaysia. Biocon Biologics' Insugen formulations will be available to patients at all Ministry of Health hospitals, district health offices and health clinics.

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

380.55 -2.05 (-0.54%)

08-May-2026 16:59 View Price Chart

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