Buy Abbott India; target of Rs 34,470: Mirae Asset Sharekhan

About this update from Abbott India Limited

Mirae Asset Sharekhan's research report on Abbott IndiaAbott India, one of India’s top pharma MNCs, leads across therapies and has over 20 brands with a revenue of Rs 100 crore and above. Marketing & distribution of Novo Nordisk’s GLP – 1 in India is a near-term growth trigger. Legacy portfolio with strong brand recall helps maintain revenue growth while healthy product mix and lower input cost helped margins rise.OutlookGiven the company’s strong parentage, robust financials and strong track record, we value the stock at a five-year average one-year fwd P/E of 40.9x on FY27E EPS of Rs. 843 to arrive at a PT of Rs. 34,470.For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Abbott India - 18-09-2025 - khan

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