The Economic Times daily newspaper is available online now.

    Buy Biocon, target price Rs 395: JM Financial

    Synopsis

    Biocon Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 34145.06 Crore) operating in Pharmaceuticals sector.

    Biocon
    Promoters held 60.64 per cent stake in the company as of 30-Sep-2022, while FIIs owned 16.73 per cent, DIIs 7.76 per cent.
    JM Financial has buy call on Biocon with a target price of Rs 395. The current market price of Biocon Ltd. is Rs 283.45.
    Biocon Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 34145.06 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 30-09-2022, the company reported a Consolidated Total Income of Rs 2384.20 Crore, up 7.52 % from last quarter Total Income of Rs 2217.40 Crore and up 22.56 % from last year same quarter Total Income of Rs 1945.30 Crore. Company reported net profit after tax of Rs 110.10 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 60.64 per cent stake in the company as of 30-Sep-2022, while FIIs owned 16.73 per cent, DIIs 7.76 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in