Moneycontrol PRO

Buy Abbott India; target of Rs 25,243: Sharekhan

Sharekhan is bullish on Abbott India has recommended buy rating on the stock with a target price of Rs 25,243 in its research report dated May 19, 2023.

May 24, 2023 / 12:32 PM IST


  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Abbott India

Abbott India Limited (Abbott) reported weaker-than-anticipated net income in Q4FY2023 Gross margin declined ~273.0 bps y-o-y to ~43.4% and EBITDA margin declined ~256 bps y-o-y to ~20.9% in Q4FY2023. PAT grew at a slower pace of ~9.5% y-o-y to Rs. 231.4 crore though, which was lower than the internal estimate of ~Rs. 275 crore. We believe Abbott’s strong market leadership in its key therapy product categories such as gastro and gynecology continue to be the key positives.


We maintain Buy with an unchanged PT of Rs. 25,243. The stock currently trades at 41.4x/35.6x its FY2024E/FY2025E EPS.

For all recommendations report, click here

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

Abbott India - 22 -05 - 2023 - khan

Broker Research
first published: May 24, 2023 12:31 pm