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Yes Securities has buy call on with a target price of Rs 400. The current market price of Biocon Ltd. is Rs 376.6. Time period given by analyst is Intra Day when Biocon Ltd. price can reach defined target.
Biocon Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 45274.63 Crore) operating in Pharmaceuticals sector.
Biocon Ltd. key Products/Revenue Segments include Bio Pharmaceuticals, Other Operating Revenue, Waste and Sale of services for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 2222.50 Crore, up 14.25 % from last quarter Total Income of Rs 1945.30 Crore and up 18.29 % from last year same quarter Total Income of Rs 1878.90 Crore. Company reported net profit after tax of Rs 266.80 Crore in latest quarter.
Investment Rationale
The stock has turned upwards after breaking out of a narrow consolidation phase and 200-DMA resistance. Further, volumes have been encouraging in the breakout candle confirming the bullishness. RSI is also suggesting the same.
Promoter/FII Holdings
Promoters held 60.64 per cent stake in the company as of 30-Sep-2021, while FIIs owned 16.3 per cent, DIIs 6.88 per cent.
Biocon Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 45274.63 Crore) operating in Pharmaceuticals sector.
Biocon Ltd. key Products/Revenue Segments include Bio Pharmaceuticals, Other Operating Revenue, Waste and Sale of services for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 2222.50 Crore, up 14.25 % from last quarter Total Income of Rs 1945.30 Crore and up 18.29 % from last year same quarter Total Income of Rs 1878.90 Crore. Company reported net profit after tax of Rs 266.80 Crore in latest quarter.
Investment Rationale
The stock has turned upwards after breaking out of a narrow consolidation phase and 200-DMA resistance. Further, volumes have been encouraging in the breakout candle confirming the bullishness. RSI is also suggesting the same.
Promoter/FII Holdings
Promoters held 60.64 per cent stake in the company as of 30-Sep-2021, while FIIs owned 16.3 per cent, DIIs 6.88 per cent.
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