Biocon Biologics, a subsidiary of Biocon, today announced that it has won the prestigious 'Bioprocessing Excellence in South Asia' Award at the Asia-Pacific Bioprocessing Excellence Awards (ABEA) 2023 held in Singapore earlier this month.

Biocon Biologics is a frontrunner in the global biosimilars industry and is committed to scientific innovation, the highest standards of quality compliance and global scale manufacturing capabilities to serve patients and healthcare systems across the globe.

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Restaurant Brands Asia Ltd, Cummins India Ltd, CG Power & Industrial Solutions Ltd, Aether Industries Ltd are among the other stocks to see a surge in volumes on BSE today, 28 February 2023.

Biocon Ltd saw volume of 25.52 lakh shares by 10:46 IST on BSE, a 10.5 fold spurt over two-week average daily volume of 2.43 lakh shares. The stock dropped 0.87% to Rs.227.70. Volumes stood at 2.53 lakh shares in the last session.

Restaurant Brands Asia Ltd recorded volume of 4.05 lakh shares by 10:46 IST on BSE, a 7.9 times surge over two-week average daily volume of 51247 shares. The stock gained 0.54% to Rs.92.50. Volumes stood at 79365 shares in the last session.

Cummins India Ltd recorded volume of 1.04 lakh shares by 10:46 IST on BSE, a 7.41 times surge over two-week average daily volume of 14039 shares. The stock gained 0.14% to Rs.1,573.00. Volumes stood at 11079 shares in the last session.

CG Power & Industrial Solutions Ltd saw volume of 5.5 lakh shares by 10:46 IST on BSE, a 3.5 fold spurt over two-week average daily volume of 1.57 lakh shares. The stock increased 0.02% to Rs.310.70. Volumes stood at 1.51 lakh shares in the last session.

Aether Industries Ltd clocked volume of 6416 shares by 10:46 IST on BSE, a 2.08 times surge over two-week average daily volume of 3084 shares. The stock gained 0.04% to Rs.875.65. Volumes stood at 1371 shares in the last session.

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Biocon Ltd is down for a fifth straight session today. The stock is quoting at Rs 219.75, down 1.12% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.12% on the day, quoting at 17576.2. The Sensex is at 59835.52, up 0.15%.Biocon Ltd has eased around 10.73% in last one month.Meanwhile, Nifty Metal index of which Biocon Ltd is a constituent, has eased around 5.04% in last one month and is currently quoting at 11991.85, down 0.28% on the day. The volume in the stock stood at 26.16 lakh shares today, compared to the daily average of 29.96 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 219.3, down 1.48% on the day. Biocon Ltd tumbled 41.27% in last one year as compared to a 8.17% rally in NIFTY and a 4.33% fall in the Nifty Metal index.

The PE of the stock is 152.16 based on TTM earnings ending December 22.

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The announcement was made after market hours yesterday.

Biocon is an innovation-led, global biopharmaceutical company committed to enhancing affordable access to complex therapies for chronic conditions like diabetes, cancer and autoimmune diseases.

The biopharmaceutical company reported a consolidated net loss of Rs 41.80 crore in Q3 FY23 as against a net profit of Rs 187.10 crore in Q3 FY22. Revenue from operations jumped 35.3% to Rs 2,941.10 crore in the quarter ended 31 December 2022 from Rs 2,174.20 crore reported in the same period a year ago.

The scrip shed 0.70% to Rs 220.60 on the BSE.

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