Biocon Shares Fall After Profit Declines In December Quarter

Shares of drug maker - Biocon - fell as much as 10 per cent to hit an intraday low of Rs 399 on the BSE after its consolidated net profit declined 19 per cent to Rs 187 crore in quarter ended December 2020 from Rs 230 crore during the corresponding period a year ago. Its consolidated revenue from operations however, rose 8 per cent to Rs 1,851 crore.