Buy Biocon, target price Rs 385: JM Financial
Biocon with a target price of Rs 385. The current market price of Biocon Ltd. is Rs 336.25. Biocon Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 40454.22 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-2024.
Financials For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 4567.40 Crore, up 15.17 % from last quarter Total Income of Rs 3965.70 Crore and up 29.90 % from last year same quarter Total Income of Rs 3516.10 Crore. Company reported net profit after tax of Rs 861.80 Crore in latest quarter.
Promoter/FII Holdings Promoters held 60.64 per cent stake in the company as of 30-Jun-2024, while FIIs owned 5.9 per cent, DIIs 14.27 per cent.
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