Hold Abbott India; target of Rs 4480: Centrum

Centrum recommended hold rating on Abbott India with a target price of Rs 4480 in its research report dated November 28, 2016.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » Recommendations

Dec 01, 2016, 10.37 AM | Source: Moneycontrol.com

Hold Abbott India; target of Rs 4480: Centrum

Centrum recommended hold rating on Abbott India with a target price of Rs 4480 in its research report dated November 28, 2016.

Like this story, share it with millions of investors on M3

Hold Abbott India; target of Rs 4480: Centrum

Centrum recommended hold rating on Abbott India with a target price of Rs 4480 in its research report dated November 28, 2016.

Post Your Comments

Share Cancel

| 1 Comments

Centrum Broking (more)

, Centrum Broking |


Centrum's research report on Abbott India

We maintain Hold rating for Abbott India (AIL) with a TP of Rs 4,480 based on 24x March’18 EPS of Rs 186.7. AIL results were in line with our expectations. The company reported 12%YoY growth in revenues, 120bps improvement in margin to 14.5% and 23%YoY growth in net profit. The company’s eight leading brands grew faster than the market and are likely to drive future growth. We expect margin improvement from the launch of 17 new products in FY16 and with the entry in high-margin vaccine segment. We recommend a switch to Sanofi India or Aurobindo Pharma.

We expect AIL to perform well due to its strong brands, new product launches and entry into the high-margin vaccines segment. Key risks to our assumptions are slowdown in the domestic market and key upside risk would be faster growth of its brands. We recommend a switch to Sanofi India or Aurobindo Pharma.

For all recommendations, click here

Disclaimer:
The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

Buy, Hold, Sell ? Hear it first on M3
Hold Abbott India; target of Rs 4480: Centrum
New Member
7 Followers

Price when posted: BSE: Rs. 4831.95 NSE: Rs. 4827.00

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login