Add Biocon, target price Rs 443: ICICI Securities

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Add Biocon, target price Rs 443:  ICICI Securities


has add call on with a target price of Rs 443. The current market price of Biocon Ltd. is Rs 402.95.

Biocon Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 48372.00 Crore) operating in Pharmaceuticals sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1878.90 Crore, up 6.74 % from last quarter Total Income of Rs 1760.30 Crore and up 5.33 % from last year same quarter Total Income of Rs 1783.90 Crore. Company reported net profit after tax of Rs 187.40 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 60.67 per cent stake in the company as of March 31, 2020, while FIIs held 14.98 per cent, DIIs 7.32 and public and others 17.03 per cent.



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