Pfizer's India unit set for worst day in a year on Q3 profit drop

Abbott India

09/02/2024 09:32

** Shares of Pfizer Ltd  PFIZ.NS , Indian unit of Pfizer Inc
 PFE.N , down 3.7% at 4,347.85 rupees
    ** Stock on track for worst day since Feb. 13, 2023, and to
fall for a third straight session
    ** Co's Q3 profit fell ~14% YoY
    ** Rivals Abbott India  ABOT.NS  and GlaxoSmithKline Pharma
 GLAX.NS  posted higher Q3 profits, sending shares up
    ** Avg analyst rating on PFIZ is "strong buy", GLAX rated
"hold" and ABOT rated "buy" - LSEG data
    ** PFIZ's avg PT is 4,519.83 rupees - LSEG data

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))