Biocon has plunged over 5% after reporting a 8.7% fall in Q1 net profit. The stock now trades at Rs 350, down 5.6%.
According to a release issued by Biocon to the NSE, net profit for the June quarter has declined to Rs 70.05 crore from Rs 76.74 crore in the quarter ended June 2010.
Further, consolidated net sales have dropped 33.3% to Rs 441.68 crore from Rs 662.28 crore.
Around 820,000 shares have changed hands at the counter on a combined basis so far on the both the exchanges.
