Time period given by analyst is one year 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 41870.93 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 30-09-2021, the company reported a Consolidated Total Income of Rs 1945.30 Crore, up 7.61 % from last quarter Total Income of Rs 1807.80 Crore and up 10.51 % from last year same quarter Total Income of Rs 1760.30 Crore. Company reported net profit after tax of Rs 210.30 Crore in latest quarter.
Investment Rationale
Biocon is targeting a large portfolio of biosimilars (11 biosimilars) that has a long-term positive outlook in the upcoming years. The brokerage expects revenue and PAT CAGR of 11.4% and 16.0% respectively over the period FY21-FY24E and it recommends a BUY on the stock with TP of Rs 390, implying an upside of 12% from CMP.
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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