Abbott India Q2 FY17 PAT at Rs 75 crore

India Infoline News Service | Mumbai | November 28, 2016 14:21 IST

The company reported 23% increase in standalone net profit at Rs 75 crore for the quarter ended September 30. The company's net profit in the corresponding quarter of the previous fiscal year was Rs 61 crore.

abbott india
Abbott India reported 23% increase in standalone net profit at Rs 75 crore for the quarter ended September 30. The company's net profit in the corresponding quarter of the previous fiscal year was Rs 61 crore.

The total income from operations of the company during the September quarter stood at Rs 729 crore, over Rs 649 crore in the year-ago period.

Stock Commentary:
Abbott India Ltd is currently trading at Rs 4788, up by Rs 92.25 or 1.96% from its previous closing of Rs 4695.75 on the BSE.

The scrip opened at Rs 4700 and has touched a high and low of Rs 4810 and Rs 4675 respectively. So far 4158 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 9978.47 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 6050 on 31-Dec-2015 and a 52 week low of Rs 4360 on 13-Jun-2016. Last one week high and low of the scrip stood at Rs 5035 and Rs 4471.2 respectively.

The promoters holding in the company stood at 74.99 % while Institutions and Non-Institutions held 8.66 % and 16.35 % respectively.

The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

 

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