Buy Abbott India, target price Rs 18,195: ICICI Securities

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Buy Abbott India, target price Rs 18,195:  ICICI Securities


has buy call on with a target price of Rs 18195. The current market price of Abbott India Ltd. is Rs 15093.3.

Abbott India Ltd., incorporated in the year 1944, is a Large Cap company (having a market cap of Rs 32150.19 Crore) operating in Pharmaceuticals sector.

Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 1110.38 Crore, up 3.11 % from last quarter Total Income of Rs 1076.91 Crore and up .40 % from last year same quarter Total Income of Rs 1106.01 Crore. Company reported net profit after tax of Rs 177.14 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of Jun 30, 2020, while FIIs held 1.3 per cent, DIIs 5.1 and public and others 18.6 per cent.



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