The public notice issued by the apex drug controller on its website said: “The impugned product may be unsafe and its use may result in adverse reaction.”

Drugs regulator issues alert after pharma firm Abbott India recalls antacid syrup Digene Gel

The Mumbai-based company is voluntarily recalling batches, especially of the mint and orange-flavoured syrup. Also, the company has decided to voluntarily stop the production of all variants of Digene Gel manufactured at their Goa facility

Abbott India Recalls Batches of Popular Antacid Digene Gel After Complaint of Foul Taste & Odour - News18

Pharmaceutical companies must prioritize responsible manufacturing to combat AMR and limit environmental impact. A handful of companies are taking promising action, such as Abbott, Centrient, Sandoz, Shionogi, Aurobindo, Cipla, Viatris and Sun Pharma.

Responsible manufacturing critical to keep AMR in check: Study

ICICI Direct is bullish on Abbott India recommended buy rating on the stock with a target price of Rs 28,300 in its research report dated August 10, 2023.

Buy Abbott India; target of Rs 28,300: ICICI Direct

The pharmaceutical firm’s first-quarter profit rose 41% YoY to Rs 290.2 crore, beating Bloomberg estimate of Rs 249.7 crore.

Abbott India Shares At Record High After Q1 Profit Beats Estimates

Strong sales growth and better operating metrics during the April-June quarter helped Abbott India register an over 41 percent jump in net profit.

Abbott India soars to 52-week high on robust all-round growth in Q1

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Adani Ent. & Adani Wilmar to remain in focus as former explores selling stake. Singer India suspends BIS Certification Marks License. CCI approves HDFC Credila Financial Services’ acquisition. Netlink Solutions to open subsidiary in USA. Lupin’s US-based subsidiary gets US FDA approval. Capital Indi…

Focus on Adani Enterprises, Adani Wilmar, Singer India, CCI, Netlink Solutions, Lupin, Capital India Finance, Power Grid, Aarti Drugs, Zee Learn, Abbott India & More Ahead of Q2 Earnings on August 9

Here are the earnings estimates of major companies that are scheduled to announce their results on Wednesday.

Tata Power, Berger Paints, IRCTC, Abbott India, Zee Q1 Results Today — Earnings Estimates

RSI is a popular momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is typically used to identify overbought and oversold conditions in a stock

Marico, Abbott India among 10 stocks with RSI trending up

Ahmedabad-based pharmaceutical company CORONA Remedies has acquired the muscle relaxant brand Myoril from Sanofi India for Rs234 crore. The acquisition includes Myoril and its extensions. This acquisition comes after Corona’s previous acquisitions of drug brands from GlaxoSmithKline and Abbott India…

CORONA remedies buys Sanofi India’s ortho brand Myoril

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Abbott India is a healthcare company engaged in pharmaceuticals business. The Company has a portfolio of offerings in diagnostics, medical devices, nutritionals and branded generic pharmaceuticals.

Abbott India Ltd