Biocon Ltd
BIOCON

1,118.55

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

1,110.05

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

1,113.95

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VWAP ()
Day's Vol
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Buy
Reco. Price
Rs 1114.00
We recommend BUY on account of strong business outlook on branded formulations & biologics segment. Regulatory approval for rh-insulin in Malaysia and monetization of the 6-7 new ANDA’s is also seen benefitting the company. The stock is trading at P/E of 21.7x on FY18E earnings. (Target Price - Rs.1209)
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50 DMA (.)
1,007.92
100 DMA (.)
963.59
200 DMA (.)
874.21
Weekly Range (.)
1,092.00
1,138.50
Monthly Range (.)
991.10
1,138.50
52 Weeks Range (.)
454.10
1,138.50
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