Abbott India hits all-time high, surges 35% in two months

Abbott India had reported a 42 per cent year-on-year (YoY) jump in net profit at Rs 117 crore for Q1FY20.

Shares of Abbott India hit an all-time high of Rs 11,297, up 4 per cent on the BSE on Thursday in an otherwise range-bound market, on hopes that high growth momentum will continue. In comparison, the S&P BSE Sensex was down 0.29 per cent at 38,219 levels at 12:47 pm.

In the past two months, the stock of the pharmaceutical company has surged 35 per cent after reporting a strong set of numbers for the quarter ended June 2019 (Q1FY20). The benchmark index was up 4 per cent during the same period.

Abbott India had reported a 42 per cent