Biocon Ltd
BIOCON

1,139.05

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

1,138.00

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

1,138.95

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Buy
Reco. Price
Rs 1063.00
We recommend BUY on account of initialisation and approval of ANDAs and globalisation of biosimilars which will drive topline. Strong business outlook on high margin businesses is expected to aid further. The stock is trading at P/E of 21.5x on FY18E earnings. (Target Price - Rs.1172)
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50 DMA (.)
1,077.95
100 DMA (.)
1,000.68
200 DMA (.)
925.42
Weekly Range (.)
1,123.00
1,162.90
Monthly Range (.)
1,017.55
1,162.90
52 Weeks Range (.)
462.65
1,162.90
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