Biocon Extends Gains as Improved Q2 Results Lift Sentiment

Biocon shares gained nearly 10 percent over two sessions after solid Q2 performance prompted brokerages to raise targets and improve outlook on key product segments.

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Biocon Extends Gains as Improved Q2 Results Lift Sentiment

Biocon Extends Gains as Improved Q2 Results Lift Sentiment
Biocon’s stock extended its upward trajectory for a second consecutive session after the company posted stronger-than-anticipated quarterly performance. The update encouraged several brokerage firms to revise target prices upward, citing better cost controls and improving visibility across key product lines. Shares have now advanced nearly 10 percent in two days as trading activity remained elevated. 
Investor confidence strengthened further as management reiterated expectations around pipeline progress and market expansion priorities.