Hold Abbott India, target price Rs 21140: ICICI Direct

Hold Abbott India, target price Rs 21140: ICICI Direct
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Synopsis

Abbott India Ltd., incorporated in the year 1944, is a Large Cap company (having a market cap of Rs 40626.54 Crore) operating in Pharmaceuticals sector.

Agencies
Promoters held 74.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.79 per cent, DIIs 5.35 per cent.
ICICI Direct has hold call on Abbott India with a target price of Rs 21140. The current market price of is Rs 18978.1.
Time period given by analyst is one year when . price can reach defined target.

Abbott India Ltd., incorporated in the year 1944, is a Large Cap company (having a market cap of Rs 40626.54 Crore) operating in Pharmaceuticals sector.

Abbott India Ltd. key Products/Revenue Segments include Injectables, Tablets, Liquids, Capsules, Service Income, Others, Ointments, Granules, Powder, Other Operating Revenue, Export Incentives, Scrap for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 1330.73 Crore, up 4.28 % from last quarter Total Income of Rs 1276.07 Crore and up 7.57 % from last year same quarter Total Income of Rs 1237.04 Crore. Company reported net profit after tax of Rs 205.64 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 74.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.79 per cent, DIIs 5.35 per cent.
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