Though valuations are at a premium, the company has strong earnings prospects ahead
Core sales growth of 20 percent will be led by biopharma, India formulations and CRAMS business, analysts say, adding Biopharma will be lead by immunosuppressants (Serolimus) and insulin in emerging markets.
Morgan Stanley said improving base business fundamentals should help Biocon deliver mid-teens growth, and there were other growth platforms in the pipeline like human insulin, monoclonocal antibodies and immuno-suppressants.