On the NSE, Abbott India Ltd was quoted at Rs 22,015.05, up 1.54%. The stock is up 16.69% for 2022, compared with a 0.81% gain for the Nifty and a 9.74% gain for the Nifty Metal index.
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Abbott India Ltd rose for the third consecutive session on January 4, 2023. The stock was quoted at Rs 22,015.05, up 1.54%. The benchmark Nifty was down around 0.89% on the day. The Sensex fell 0.9% to 60,742.36. Abbott India Ltd gained about 9.75% in December 2022.
Meanwhile, the Nifty Metal index, of which Abbott India Ltd is a constituent, gained around 3.19% on December 2022 and is currently quoting 12,641.75, down 0.04% on the day. The volume in the stock stood at 10,634 shares on January 4, 2023, compared to the daily average of 18,653 shares on December 2022.
The stock’s benchmark January futures contract was at Rs 22,075.65, up 1.01%. Abbott India Ltd gained 16.69% for December 2022, while the Nifty gained 0.81% and the Nifty Metal index gained 9.74%.
As of September 2022, the PE of the stock is 52.25 based on TTM earnings.
