Add Biocon, target price Rs 453: Centrum Broking

Centrum Broking has add call on Biocon with a target price of Rs 453. The current market price of Biocon Ltd. is Rs 385.15.

Biocon Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 45078.00 Crore) operating in Pharmaceuticals sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 1851.00 Crore, up 6.09 % from last quarter Sales of Rs 1744.80 Crore and up 5.89 % from last year same quarter Sales of Rs 1748.10 Crore Company reported net profit after tax of Rs 187.40 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 60.67 per cent stake in the company as of March 31, 2020, while FIIs held 14.98 per cent, DIIs 7.32 and public and others 17.03 per cent.