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Buy Abbott India: Target Of Rs 19,425: Sharekhan

Sharekhan is bullish on Abbott India recommended buy rating on the stock with a target price of Rs 19,425 in its research report dated November 11, 2020.

Nov 13, 2020 / 12:32 PM IST
 
 
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Sharekhan's research repor on Abbott India


Abbott India Limited (Abbott) reported healthy operating performance for quarter with earnings in line with estimates. Abbott’s topline is expected to grow in double digits, backed by strong performance of its power brands with 13 of its top 20 brands being top ranked in respective categories. Abbott has sturdy new products pipeline and this along with the recently launched products would drive its growth going ahead. Better earnings prospects, strong balance sheet position and healthy operating cash flows are the key positives.


Outlook


We retain a Buy recommendation on the stock with an unchanged PT of Rs 19,425.


For all recommendations report, 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.

Broker Research
first published: Nov 13, 2020 12:32 pm

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