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Buy Abott India; target of Rs 32,500: ICICI Securities

ICICI Securities is bullish on Abott India has recommended buy rating on the stock with a target price of Rs 32,500 in its research report dated May 12, 2024.

Abbott India shares surge 5% on strong Q4 results, record dividend payout

Over the last five years, Abbott India has seen its dividend payout outpace its profit growth. While net profit grew at a compounded rate of 22 percent between FY20 and FY24, the dividend per share (DPS) surged at a compound annual growth rate (CAGR) of 45 percent during the same period.

Abbott Q4 Results: Net profit rises 24% to Rs 287 crore, revenue up 7%

The company's revenue increased 7 percent to Rs 1,439 crore from Rs 1,343 crore in the year-ago period, Abbott India said on May 9.

Indian pharmaceutical market registers 9.5% growth in March

While most of the corporates have shown double digit value growth, unit growth remains a challenge for the Indian pharma market, according to analysts

Abbott India Ltd. engages in the development, manufacture, and sale of pharmaceutical products. It focuses on the therapeutic categories such as women's health, gastroenterology, cardiology, metabolic disorders, and primary care. The company was founded on August 22, 1944 and is headquartered in Mumbai, India.

Abbott India Ltd.

Volume	16,474.00
52-Wk High	29,638.95
52-Wk Low	22,000.00

ABBOTINDIA.NSE Abbott India Ltd.

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