Buy Biocon, target price Rs 395: JM Financial

JM Financial has buy call on Biocon with a target price of Rs 395. The current market price of Biocon Ltd. is Rs 262.85.
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 31515.75 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-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2217.40 Crore, down -10.45 % from last quarter Total Income of Rs 2476.10 Crore and up 22.66 % from last year same quarter Total Income of Rs 1807.80 Crore. Company reported net profit after tax of Rs 210.40 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 60.64 per cent stake in the company as of June 30, 2022, while FIIs owned 16.73 per cent, DIIs 7.3 per cent.