Abbott India rises to nearly 5-week high

Abbott India

29/09/2022 07:58

** Shares of healthcare co Abbott India Ltd  ABOT.NS  rise
as much as 3.9% to 18,846.95 rupees, highest since Aug. 26
    ** Stock posts its biggest intraday pct gain since Sept. 20
    ** ABOT set to gain for three straight sessions
    ** ABOT is among the top pct gainers on the Nifty Pharma
index  .NIPHARM , which is up 1.5%
    ** Nifty Pharma stocks set to gain for third straight
session
    ** More than 29,702 shares change hands by 0646 GMT, 1.6x
the 30-day avg of 18,058 shares
    ** Five of the 9 analysts covering the stock have a "buy" or
"strong buy" rating, 2 have "hold" while 2 rate it at "sell" or
"strong sell"; median PT is 21,140 rupees - Refinitiv data
    ** Stock down 6.31% YTD up to last close, vs a 10.67% drop
in the Nifty Pharma index
 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))