July 27, 2018 / 5:09 AM / 4 months ago

BUZZ-India's Biocon hits 2-week high on upbeat June-qtr results

** Biocon Ltd jumps as much as 9.6 pct to 611.9 rupees, its highest in a fortnight

** India’s largest biotechnology co reported a 47 pct rise in June-qtr profit on Thursday, beating street estimate, according to Thomson Reuters I/B/E/S

** Stock records biggest daily pct gain since Dec 4, 2017

** More than 6.1 mln shares change hands compared with 30-day moving avg of around 1.7 mln shares

** Biocon is top pct gainer of the Nifty Pharma index

** Stock up 3.90 pct this year as of last close, outperforming the Nifty Pharma index’s 6.5 pct fall

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