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Budget 2026: Biocon shares gain after FM Nirmala Sitharaman announces ₹10,000 crore for Biopharma ShaktiAlong with Biocon, shares of Piramal Pharma and Torrent Pharma also gained after the announcement made by FM Nirmala Sitharaman during Budget 2026.By Hormaz Fatakia   February 1, 2026, 11:25:07 AM IST (Updated)1 Min ReadShares of Biocon Ltd. gained as much as 3% after Finance Minister Nirmala Sitharaman announced an allocation of ₹10,000 crore under the "Biopharma Shakti" program for the next five years.

FM Sitharaman made this announcement on the floor of the Lok Sabha during her ninth consecutive Budget speech on Sunday, February 1.

FM Sitharaman said in her speech that Biologics are key to longevity and the plan is to develop India as a Biopharma manufacturing hub.

Along with this, the focus will also be on a Biopharma-focused network.

Along with Biocon, shares of Piramal Pharma, Sun Pharma and Dr. Reddy's Laboratories also gained between 1% to 2%.

Shares of Biocon are trading 2.3% higher at ₹375, while those of Piramal Pharma are trading 1.3% higher at ₹156.6.

To be updated with more.Continue ReadingFirst Published: Feb 1, 2026 11:18 AM ISTTagsBioconBiocon share priceBudgetshare market today