Buy Biocon, price target Rs 330: Mandar Jamsandekar

Mandar Jamsandekar of Precision Technicals has a buy call on Biocon Ltd. with a target price of Rs 330.0 . The current price of Biocon Ltd. is Rs 309.65 . Mandar Jamsandekar recommended to keep a stoploss at Rs 295 .

Biocon Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 37158.00 Crore) operating in Pharmaceuticals sector.

Biocon Ltd. key Products/Revenue Segments include Other Operating Revenue which contributed Rs 229.40 Crore to Sales Value (7.95 % of Total Sales), Waste which contributed Rs 15.10 Crore to Sales Value (0.52 % of Total Sales) and Sale of services which contributed Rs 1.00 Crore to Sales Value (0.03 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 1748.10 Crore, up 11.19 % from last quarter Sales of Rs 1572.20 Crore and up 13.45 % from last year same quarter Sales of Rs 1540.80 Crore Company has reported net profit after tax of Rs 233.50 Crore in latest quarter.

The company’s top management includes Dr.Arun Chandavarkar, Mr.Russel Walls, Mr.Mary Harney, Mr.M Damodaran, Mr.Kiran Mazumdar Shaw, Mr.John Shaw, Mr.Daniel M Bradbury, Dr.Vijay Kuchroo, Dr.Jeremy Levin, Prof.Ravi Mazumdar. Company has B S R & Co. LLP as its auditors As on 31-12-2019, the company has a total of 1,200,000,000 shares outstanding.