Name: Latest research reports of Biocon Ltd. authored by ICICI Direct and published by - Trendlyne research reports.
Item: Biocon Ltd.
Rating: 3
Author: ICICI Direct

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	09 Sep 2025	Biocon	Consensus Share Price Target	364.15	380.11	-	4.38	buy	pdf Detailed Estimates
	25 May 2023	Biocon	ICICI Direct Target	364.15	235.00	239.85 (51.82%)	Target met	Hold	pdf post cache	Broker Report Biocon ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	25 May 2023	Biocon	ICICI Securities Limited Reco Target	364.15	250.00	243.00 (49.86%)	Target met	Hold	pdf post cache	Broker Report Tepid organic growth ICICI Securities Limited Biocon Limited’s (Biocon) Q4FY23 performance was boosted by consolidation of the acquired business of biosimilars (segment revenue up 114% YoY) from Viatris. Reported gross margin was inflated by ~150bps and EBITDA margin by 360bps due to licensing income of Rs1.75bn. pdf Copy Link Share on Share on Share on Share on Alert
	24 May 2023	Biocon	Motilal Oswal Target	364.15	260.00	243.00 (49.86%)	Target met	Neutral	pdf post cache	Broker Report 4Q - A miss; efforts underway to build growth levers across segments Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	09 Mar 2023	Biocon	Geojit BNP Paribas Target	364.15	238.00	223.85 (62.68%)	Target met	Hold	pdf post cache	Broker Report BIOCON LTD Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	20 Feb 2023	Biocon	AUM Capital	364.15	260.00	227.70 (59.93%)	Target met	Neutral	pdf post cache	Broker Report Biocon Ltd AUM Capital pdf Copy Link Share on Share on Share on Share on Alert
	16 Feb 2023	Biocon	ICICI Direct Target	364.15	230.00	242.85 (49.95%)	Target met	Hold	pdf post cache	Broker Report Biocon ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	16 Feb 2023	Biocon	Axis Direct Target	364.15	260.00	242.85 (49.95%)	Target met	Hold	pdf post cache	Broker Report Result Update:Biocon Axis Direct Recommendation: We maintain HOLD on the stock pdf Copy Link Share on Share on Share on Share on Alert
	15 Feb 2023	Biocon	Motilal Oswal Target	364.15	250.00	238.10 (52.94%)	Target met	Neutral	pdf post cache	Broker Report Increased opex/financial leverage drags earnings Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	16 Nov 2022	Biocon	ICICI Securities Limited Reco Target	364.15	362.00	284.40 (28.04%)		Buy	pdf post cache	Broker Report Growth across segments ICICI Securities Limited Biocon Limited’s (Biocon) Q2FY23 performance was ahead of our estimates led by better than expected results in the generics and research services. Generics revenue was up 17.5% YoY to Rs6.2bn while Research services delivered a robust growth of 25.9% YoY to Rs.7.7bn. pdf Copy Link Share on Share on Share on Share on Alert
	15 Nov 2022	Biocon	ICICI Direct Target	364.15	290.00	283.85 (28.29%)	Target met	Hold	pdf post cache	Broker Report Biocon ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
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25.14% Gain from 52W Low

Biocon Ltd. share price target

Biocon Ltd. has an average share price target of 367.20. The consensus estimate represents an upside of 0.84% from the last price of 364.15. View 9 reports from 5 analysts offering long-term price targets for Biocon Ltd..

Biocon

Tepid organic growth

4Q - A miss; efforts underway to build growth levers across segments

BIOCON LTD

Biocon Ltd

Biocon

Result Update:Biocon

Increased opex/financial leverage drags earnings

Growth across segments

Biocon

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