Buy Biocon, target Rs 641: Dr CK Narayan

Buy Biocon Ltd. at a price target of Rs 641.0 and a stop loss at Rs 620 from entry point.

Dr CK Narayan of Chart Advise has a buy call on Biocon with a target price of Rs 641.

The current market price of Biocon is Rs 629.25.

Time period given by the analyst is 'Intra Day' when Biocon price can reach defined target.

Dr CK Narayan recommended to keep a stop loss at Rs 620.

Biocon, incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 37,755 Crore) operating in Pharmaceuticals and health care sector.

The company’s top management includes Dr.Arun Chandavarkar, Dr.Jeremy Levin, Dr.Vijay Kuchroo, Mr.Daniel M Bradbury, Mr.John Shaw, Mr.Kiran Mazumdar Shaw, Mr.M Damodaran, Mr.Mary Harney, Mr.Russel Walls, Prof.Ravi Mazumdar.
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Company has B S R & Co. LLP as its auditors.

As on 31-12-2017, the company has a total of 600,000,000 shares outstanding.
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