Abbott India rises after Sept-qtr profit jumps

Abbott India

14/11/2022 08:47

** Abbott India's shares  ABOT.NS  rise as much as 4.1% to
20,108.5 rupees, highest since Aug. 10
    ** The healthcare firm reports 39% jump in Sept-qtr profit,
on 13% rise in rev from ops  urn:newsml:reuters.com:*:nFWN32905E
    ** ABOT set for third straight session of gains
    ** Over 30k shares traded by 0845 GMT vs 30-day avg of
~17.4k
    ** 5 of 9 analysts covering ABOT rate it "buy" or "strong
buy", 2 "hold" and 2 "strong sell" - - Refinitiv data
    ** Their median PT is 21,140 rupees, a price the stock last
hit in Oct 2021
    ** Stock last up 1.4%, taking YTD gains to a slim 1.2%, vs
gains of between 17% and 74% in last 5 years
 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))