Biocon Snaps Three-Day Gains Despite Posting Profit After 5 Quarters

Gold Silver Reports (GSR) – Biocon Snaps Three-Day Gains Despite Posting Profit After 5 Quarters – Shares of the Bangalore-based bio-pharmaceutical company fell as much as 1.8 percent, the most since April 4, to Rs 651.35 after its net profit rose for the first in five quarters.

Key earnings highlights:

🔥 Revenue up 26 percent at Rs 1,169.5 crore.

🔥 Net profit up 2 percent at Rs 130 crore.

🔥 Ebitda up 24 percent at Rs 232.5 crore.

🔥 Margin at 19.9 percent versus 20.3 percent.

Karuturi Global Stock Surges After Aspire Emerging Fund Buys Stake

Shares of the Bangalore-based food processing company were locked in a five percent upper circuit at Rs 2.10 after Aspire Emerging Fund bought 2.16 crore shares or 1.4 percent equity at Rs 1.89 each in the company.

While, Elara India Opportunities Fund sold 2.23 crore shares or 1.5 percent equity at Rs 1.89 each.

Hawkins Cookers Falls After A Slew Of Bulk Deals

Shares of the Mumbai-based pressure cooker maker fell as much as 7.4 percent to Rs 3,105 after it saw a slew of bulk deals in trade yesterday. EQ India Fund bought 46,071 shares or 0.9 percent equity at Rs 2,811.42 each

Porinju Veliyath’s Equity Intelligence India bought 38,721 shares or 0.7 percent equity at Rs 2,811 each,  Hober Mallow Trust sold 1.15 lakh shares or 2.2 percent equity at Rs 2,811.40 each

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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