Biocon Trades in Volatile Range Between Strong Support and StiffTopic Statement:
Biocon's stock has been stuck in a broad sideways zone, oscillating between key support and resistance levels.
Key Points:
* The price has corrected and repeatedly found strong support at the 50% retracement level around 300
* It faces stiff resistance at 400, which has consistentl
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8.45 INR
10.13 B INR
152.11 B INR
510.58 M
About BIOCON LIMITED.
Sector
Industry
CEO
Siddharth Mittal
Website
Headquarters
Bangalore
Founded
1978
ISIN
INE376G01013
FIGI
BBG000BJHBC9
Biocon Ltd. is a holding company, which engages in the manufacture, research, and development of therapeutic drugs. It operates through the following segments: Small Molecules, Biologics, Branded Formulations, and Research Services. The Small Molecules segment manufactures spanning statins, immunosuppressants, antifungals, anti-obesity, anti-diabetics, ophthalmologicals, oncologicals, and urologicals etc. The Biologics segment provides Insulins and Analogs, biosimilar Monoclonal Antibodies (MAbs), and recombinant proteins The Branded Formulation segment consists of therapeutic areas of diabetology, oncology, immunology and critical care. The Research Services segment covers Syngene development platforms. The company was founded by Kiran Mazumdar-Shaw on November 29, 1978 and is headquartered in Bangalore, India.
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BIOCON |Rectangle | Consolidation Breakout | Daily
### 🏺 **Pattern Overview:**
✅ **Horizontal Rectangle / Consolidation Breakout:**
* **Range:** ₹297.80 (support) to ₹350.20 (resistance).
* **Breakout Price:** ₹350.20 confirmed (recent candle closed above it).
* **Current Price:** ₹354.45, showing a breakout and potential further upside.
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Biocon monthly analysis: Bearish on breakoutThe major trend for Biocon on a monthly chart shows a bearish bias. It means that if the head and shoulder pattern is completed, Biocon prices will be in deep retracement. For such a situation, sell at resistance is advised, that is, sell on rejection of resistance or breakout/retest of support.
S
BIOCON : A Cup and Handle BreakoutIn this falling market BIOCON is showing a cup and handle Breakout with good amount of volume. Upside potential is 45% (approx.) ...
CMP : 388
TG1 : 485 (High)
TG2 : 570
SL : 329
TSL : Below 9 EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery .
3
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Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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Strong sellSellNeutralBuyStrong buy
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of BIOCON is 390.20 INR — it has increased by 1.50% in the past 24 hours. Watch BIOCON LTD. stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on BSE exchange BIOCON LTD. stocks are traded under the ticker BIOCON.
BIOCON stock has fallen by −0.47% compared to the previous week, the month change is a 9.83% rise, over the last year BIOCON LTD. has showed a 11.97% increase.
We've gathered analysts' opinions on BIOCON LTD. future price: according to them, BIOCON price has a max estimate of 447.00 INR and a min estimate of 270.00 INR. Watch BIOCON chart and read a more detailed BIOCON LTD. stock forecast: see what analysts think of BIOCON LTD. and suggest that you do with its stocks.
BIOCON reached its all-time high on Dec 23, 2020 with the price of 487.70 INR, and its all-time low was 14.40 INR and was reached on Nov 28, 2008. View more price dynamics on BIOCON chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
BIOCON stock is 3.23% volatile and has beta coefficient of 1.04. Track BIOCON LTD. stock price on the chart and check out the list of the most volatile stocks — is BIOCON LTD. there?
Today BIOCON LTD. has the market capitalization of 506.01 B, it has increased by 0.15% over the last week.
Yes, you can track BIOCON LTD. financials in yearly and quarterly reports right on TradingView.
BIOCON LTD. is going to release the next earnings report on Aug 7, 2025. Keep track of upcoming events with our Earnings Calendar.
BIOCON earnings for the last quarter are 2.81 INR per share, whereas the estimation was 1.39 INR resulting in a 102.25% surprise. The estimated earnings for the next quarter are 0.71 INR per share. See more details about BIOCON LTD. earnings.
BIOCON LTD. revenue for the last quarter amounts to 44.17 B INR, despite the estimated figure of 40.99 B INR. In the next quarter, revenue is expected to reach 39.88 B INR.
BIOCON net income for the last quarter is 3.44 B INR, while the quarter before that showed 251.00 M INR of net income which accounts for 1.27 K% change. Track more BIOCON LTD. financial stats to get the full picture.
Yes, BIOCON dividends are paid annually. The last dividend per share was 0.50 INR. As of today, Dividend Yield (TTM)% is 0.13%. Tracking BIOCON LTD. dividends might help you take more informed decisions.
BIOCON LTD. dividend yield was 0.15% in 2024, and payout ratio reached 5.91%. The year before the numbers were 0.19% and 5.85% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. BIOCON LTD. EBITDA is 31.36 B INR, and current EBITDA margin is 21.93%. See more stats in BIOCON LTD. financial statements.
Like other stocks, BIOCON shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade BIOCON LTD. stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So BIOCON LTD. technincal analysis shows the strong buy rating today, and its 1 week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating BIOCON LTD. stock shows the strong buy signal. See more of BIOCON LTD. technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.