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Abbott India hits record high in weak market

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Capital Market
Last Updated : Sep 04 2015 | 4:47 PM IST

Abbott India rose 1.85% to Rs 5,220 at 15:25 IST on BSE, with the stock extending 8.98% gains in previous two trading sessions.

Meanwhile, the BSE Sensex was down 570.15 points, or 2.21%, to 25,194.63.

On BSE, so far 2,156 shares were traded in the counter, compared with an average volume of 1,210 shares in the past one quarter.

The stock hit a high of Rs 5,247, which is also a record high for the stock. The stock hit a low of Rs 4,929.05 so far during the day. The stock hit a 52-week low of Rs 2,564 on 4 September 2014.

Abbott India's net profit rose 34.6% to Rs 68.56 crore on 20.6% rise in net sales to Rs 623.28 crore in Q1 June 2015 over Q1 June 2014.

Abbott India is a pharmaceutical company. The company enjoys strong brand equity in multiple therapeutic categories such as women's health, gastroenterology, neurology, thyroid, diabetes & urology pain management, vitamins, anti-infectives & other therapy areas.

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First Published: Sep 04 2015 | 3:24 PM IST

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