Abbott India Ltd
ABBOTINDIA

4,683.95

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4,674.45

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Reduce
Reco. Price
Rs 4592.00
We recommend REDUCE on the stock on account of lower than expected growth in EBITDA and net profit in FY16. Also government’s ban on Phensedyl is an issue of concern for the company. We target the stock to trade at a P/E of 35x in FY17E. (Target Price: Rs.4475)
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50 DMA (.)
4,488.65
100 DMA (.)
4,596.90
200 DMA (.)
4,628.05
Weekly Range (.)
4,430.00
4,840.00
Monthly Range (.)
4,382.00
4,840.00
52 Weeks Range (.)
4,353.70
5,049.00
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