should we invest in biocon ? is biocon the best pick for long term investment ? biocon share price ..
Biocon info –
Biocon is engaged in the business of manufacture of biotechnology products and research services. It is an Indian biopharmaceutical company based in Bangalore, India by Kiran Mazumdar-Shaw, the founder. The Company manufactures generic active pharmaceutical ingredients that are sold in over 120 countries across the globe, including the developed markets of the United States and Europe.
Biocon share price and analysis –
Biocon is a mid – large cap pharma company with very good fundamentals. Consistent good performance from last 10 years has kept the company in profit, also investors gained a good premium on their investments.
biocon share price – 420 rs (updated february 2021)
Biocon is a leading company in their peer group with highest sales and profit.
ROCE is 13.1% which is good if compared with the peer group.
ROE is 12.7% .
Sales growth has a consistent increment which is a good sign.
check out biocon fundamentals in detail here
Should we invest in Biocon ?
Biocon is good stock for long term investment, promoters acquire 60% stake in the company which shows their confidence towards the company growth, also 17% of stake is aquried by foreign investors which is a good sign.
the only factor which is not good for investors is their borrowings, constant increment in debt in every quarter.
biocon is definitely a good long term investment. in the next 3 years biocon share price will be around 800 rs which is 98% from today’s price (prediction).
check out companies official website for their upcoming projects and changes.
make sure to check out their products and their future plan, if your making a decision on investing in biocon you must be aware with their upcoming projects, products and plans.
Note – make sure to do your analysis before investing in any stock.