Biocon Hits Fresh 52-Week High On Strong Q1 Performance

Biocon shares jumped nearly 18 per cent to hit fresh 52-week high of Rs 725 on Friday after the biopharmaceutical company reported strong earnings for the April-June quarter.  The Bengaluru-based company reported 35 per cent jump in its net profit to Rs 167 crore while its net revenue grew by 28 per cent to Rs 972 crore.  Biocon had reported a net profit of Rs 124 crore on sales of Rs 758 crore in the corresponding quarter of the p...