Hold Abbott India Ltd., target Rs 4480.0 : Centrum Broking

Centrum Broking has Hold call on Abbott India Ltd. with a target price of Rs 4480.0. The current market price of Abbott India Ltd. is 4671.0. Time period given by analyst is year, when Abbott India Ltd. price can reach defined target. Centrum cited that the results were in line with expectations. The brokerage said it reported 16% YoY growth in revenues, 50 bps decline in margin to 14.3% and 10% YoY growth in net profit. It recommends a switch to Sanofi or Aurobindo Pharma.