Biocon To Consider Bonus Issue Stock Northbound

The Bangalore-based Biocon Limited is the top stock in focus in the opening hour on Tuesday. The stock is rallying upwards in the morning hours owing to the expectations that the board of the company will declare bonus issue in near term.

The board meeting of the Biocon Limited is scheduled on April 27, 2017, which has the main agenda to consider the bonus issue of shares.

The Biocon Limited stock is the top volume gainer among the Healthcare stocks on BSE. The stock is the top gainer in the BSE Healthcare index and BSE Mid-cap index. The stock is also contributing the most to these index gains.

On NSE, as of 0925 hours, the stock has touched its intraday high of Rs 1123.75 per share up by 5.4%. The stock attracted a huge volume of 2,43,045 shares and traded value at Rs 27.14 Cr. The stock is trading above its volume weighted average price of Rs 1116.17 per share.

The other healthcare stocks like, Lupin, Sun Pharma, Dr Reddy’s and Cadila Healthcare are also trading in positive territory in the morning hours on Tuesday.

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About Suhani Varma

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