Abbott India up after Q4 profit rise, top pharma index gainer

Abbott India

10/05/2024 07:23

** Shares of Abbott India  ABOT.NS  up 3.5%, after a 4.8%
climb earlier in the session 
    ** Drugmaker reported 24% rise in profit while rev rose 7%  
    ** Brokerage CLSA sees sustained growth for the Digene
antacid maker, retains "outperform" rating and 27,780 rupees PT
    ** ABOT top pct gainer in Nifty Pharma index  .NIPHARM ,
which is up 1.3%
    ** Trading vols 2.4x 30-day avg 
    ** YTD stock had risen ~16%

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))