Biocon Ltd. CMP – 249.30 (Long Term Investment Idea) (But can be frustratingly slow moving and stagnant) Market Capitalization Rs 29,931Cr
Red Flags:🟥 High Valuation (P.E. = 60.1) FIIs are decreasing stake
Green Flags:🟩 No debt Zero promoter pledge MFs are increasing stake Improving annual net profit Improving cash from operations annual
Previous Happy Candles Number – 53/100 New Happy Candles Number – 58/100
X/2 Fresh Entry/ averaging / compounding after closing above 251 Final Entry 258 Targets: 264 Long term target: 274 Stop loss: Closing below 220
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