|
06 Jan 2026 |
Biocon
|
Consensus Share Price Target
|
392.95 |
421.70 |
- |
7.32 |
buy
|
|
|
|
|
12 Feb 2024
|
Biocon
|
Axis Direct
|
392.95
|
285.00
|
266.70
(47.34%)
|
Target met |
Hold
|
|
|
The company's capital allocation is on two fronts - R&D and the acquisition of Viatris.This has resulted in returns ratios falling below ~10% despite growth in the business. A huge looming net debt of $1.2 Bn could lead to further stake dilution in Biocon biologics. Recommendation: HOLD
|
|
17 Jan 2024
|
Biocon
|
Sharekhan
|
392.95
|
332.00
|
280.30
(40.19%)
|
Target met |
Buy
|
|
|
|
|
17 Nov 2023
|
Biocon
|
Geojit BNP Paribas
|
392.95
|
260.00
|
232.75
(68.83%)
|
Target met |
Accumulate
|
|
|
|
|
13 Nov 2023
|
Biocon
|
Axis Direct
|
392.95
|
250.00
|
234.80
(67.36%)
|
Target met |
Hold
|
|
|
We have maintained a Hold on stock.
|
|
12 Nov 2023
|
Biocon
|
Motilal Oswal
|
392.95
|
220.00
|
234.80
(67.36%)
|
|
Neutral
|
|
|
|
|
16 Aug 2023
|
Biocon
|
Geojit BNP Paribas
|
392.95
|
273.00
|
257.15
(52.81%)
|
Target met |
Hold
|
|
|
|
|
14 Aug 2023
|
Biocon
|
Axis Direct
|
392.95
|
260.00
|
254.60
(54.34%)
|
Target met |
Hold
|
|
|
Company Outlook & Guidance: Capital allocation on two fronts - R&D and the acquisition of Viatris - has resulted in returns ratios falling below ~10% despite the growth in the business. A huge looming net debt of $1.4 Bn could lead to further stake dilution in Biocon biologics.
|
|
13 Aug 2023
|
Biocon
|
ICICI Securities Limited
|
392.95
|
230.00
|
256.20
(53.38%)
|
Target met |
Sell
|
|
|
Biocon’s Q1FY24 performance was dragged by the biologics biz. Profitability of the segment was under pressure owing higher rebates in Fulphila (USD 15mn). Segmental PBT dropped 600bps QoQ to 1.6% in Q1FY24. US market share of Fulphila and Ogivri expanded by 200bps and 100bps QoQ to 16% and 11%, and stable at 12% for bGlargine.
|
|
29 May 2023
|
Biocon
|
Sharekhan
|
392.95
|
266.00
|
245.20
(60.26%)
|
Target met |
Hold
|
|
|
|
|
25 May 2023
|
Biocon
|
ICICI Direct
|
392.95
|
235.00
|
239.85
(63.83%)
|
Target met |
Hold
|
|
|
|