ABBOTT INDIA (BOM: 500488) Shares
ABOUT ABBOTT INDIA
Abbott India Limited is a health care company and a subsidiary of Abbott Laboratories. Headquartered in Mumbai, it offers high-quality trusted medicines in multiple therapeutic categories such as women’s health, gastroenterology, cardiology, metabolic disorders and primary care.
Abbott India Limited originally amalgamated as Boots Pure Drug Company Limited in 1944 under the Companies Act, 1913.
In 1971, the company’s name changed to The Boots Company (India) Limited, and then to Boots Pharmaceuticals Limited in 1991. On October 31, 1995, the company’s name changed to Knoll Pharmaceuticals Limited, and finally on July 1, 2002 to its current name, Abbott India Limited.
OVERVIEW OF ABBOTT INDIA
Abbott India Limited is involved in the pharmaceuticals business. The company has a portfolio of science-based offerings in medical devices, diagnostics, nutritionals and branded generic pharmaceuticals.
Its business operations divide into four business divisions: Women’s Health & Gastrointestine, Gastroenterology and Hepatic Care; Specialty Care; GenNext & Vaccines, and Consumer Care.
- Women’s Health & Gastrointestine, Gastroenterology and Hepatic Care division has a mix of global and local brands present in the pregnancy, constipation and liver diseases segments.
- The Specialty Care division consists of a range of products in the treatment of central nervous system and metabolic disorders.
- The GenNext division focuses on several therapy areas, including pain management, vitamins and pregnancy. Its vaccines include Enteroshield (typhoid vaccine) and Rotasure (rotavirus diarrhea vaccine).
- The Consumer Care division is present in the over the counter antacid segment.
VISION & VALUES OF ABBOTT INDIA
Abbott India Limited’s vision is to nurture human health and to help you live a healthier, happier and better life. The company is dedicated to fulfilling the promise of human potential, in all places, in all aspects and stages of life.
It believes that health is the key to that promise. Caring is central to the work it does and defines the company’s responsibility to those it serves.
- Abbott India Limited commits to its value chain to ensure it reaches its set goals, meet current and future needs of customers and maximizes returns, income growth and capital appreciation for shareholders who purchase shares with it.
MARKET PERFORMANCE OF ABBOTT INDIA
Abbott India Limited’s shares trade on the Bombay Stock Exchange (BSE) under the stock symbol BOM: 500488. Abbott India Limited also lists on the National Stock Exchange of India (NSE) under the ABBOTINDIA code.
For the financial year ending March 31, 2019, the company reports revenue of ` 3791 88.90 Lakhs, a growth of 10.7% over the previous financial year. Net Sales grows by 11.2% to ` 3640 30.02 Lakhs, an increase of ` 366 40.01 Lakhs, driven by both price and volumes. Profit before Tax stands at ` 698 85.41 Lakhs, up 19.2%. The Board proposes a final dividend of `50 and special dividend of `15 per share for the year.
Due to Abbott India Limited’s continued performance on this market, shareholders can buy or sell shares with confidence and expect sound dividends and returns during 2022 and in future.
LATEST NEWS ABBOTT INDIA
Buy ABBOTT INDIA stocks / shares – A Step by Step Guide how to Buy / Purchase ABBOTT INDIA Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy ABBOTT INDIA Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN ABBOTT INDIA STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE ABBOTT INDIA STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of ABBOTT INDIA stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy ABBOTT INDIA stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?