Moneycontrol PRO
HomeNewsBusinessStocksBuy Abbott India; target of Rs 25,243: Sharekhan

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 February 10, 2023.

March 09, 2023 / 16:07 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Sharekhan's research report on Abbott India

    Net income strongly beat estimates, despite slower revenue growth of 8.3% (versus Q2FY23), while PAT surged 23.9% and EBITDA margin expanded by 188 bps y-o-y to 23.9%. Operating performance was strong as major operating costs declined y-o-y, driving up EBITDA margins, though gross margins fell 320-bps y-o-y. Employee/other expenses also fell y-o-y (as a percentage of revenue). Revenues and earnings are set to clock an 11.0% and 19.0% CAGR, respectively, over FY2022-FY2025E, on healthy growth prospects and strong brand equity.

    Outlook

    We maintain a Buy with a revised PT of Rs. 25,243; stock trades at 39.2x/34.5x 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 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.

    Abbott India - 09 -03 - 2023 - khan

    Broker Research
    first published: Mar 9, 2023 04:07 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347