Trending stocks: Abbott India share price climbs nearly 1%

NEW DELHI: Shares of Abbott India traded 0.63 per cent up in Tuesday 's trade at 10:50AM (IST). Around 354 shares changed hands on the counter.

The counter opened at Rs 18399.45 and touched an intraday high and low of Rs 18545.0 and Rs 18059.2 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 18569.0 and a 52-week low of Rs 7150.0 .

Abbott India Ltd., incorporated in the year 1944, is a Large Cap company (having a market cap of Rs 38643.24 Crore) operating in Pharmaceuticals sector.


Global healthcare major Abbott Laboratories said it has received CE mark for its laboratory-based serology blood tests for Covid-19 and these tests will be available in India by the end of May.


Key Financials
The company reported consolidated sales of Rs 1078.25 crore for the quarter ended 31-Dec-2019 , up 2.22 per cent from previous quarter's Rs 1054.8 crore and up 13.78 per cent from the year-ago quarter's Rs 947.65 crore.

Bottomline for the latest quarter stood at Rs 186.69 crore, up 59.5 per cent from the corresponding quarter last year .

Shareholding pattern
As of 31-Mar-2020 , DIIs held 14.6 per cent stake in the company , while foreign institutional investors held 1.64 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 65.06 and a price-to-book ratio of 19.28 . A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Abbott India Ltd. belongs to the Pharma - MNC industry.