Abbott India gains on upbeat Q1 results

Abbott India

08/08/2024 06:54

** Shares of Abbott India  ABOT.NS  climb ~4% to 29,139.30
rupees, their highest since February 
    ** Drugmaker reports 13% Y/Y rise in Q1 consol net profit;
5.3% Y/Y rev growth
    ** Stock top pct gainer in pharma index  .NIPHARM , which is
up ~1%
    ** Trading volume 2.4x the 30-day moving average
    ** ABOT among 10 stocks rated "buy" or higher on 20-member
pharma index - LSEG data
    ** Stock climbs ~28% YTD vs pharma index's ~32% gain
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))