Axis Securities Limited has issued a BUY recommendation for Biocon Limited, positioning the pharmaceutical giant as their "Pick of the Week" with a compelling investment thesis.

India’s biotechnology industry, one of the fastest-expanding sectors globally, is blazing new trails across healthcare, pharmaceuticals, and sustainability.

Biocon share price jumped 2.53 percent in today's session. The stock is trading close to yearly highs and is looking bullish on technical charts.

Biocon Share price was trading 2.7 percent higher today and the stock is looking bullish on technical charts. Biocon could also see a fresh 52-week high in the coming sessions.

Indian markets are expected to see higher volatility after Shri Mahavir Jayanti holiday on Thursday.

Biocon shares were trading 3.3% higher in today's session at Rs 391 at the time of publication of this story. The stock opened at Rs 384 and touched an intraday high at Rs 394.50.