Dear Hitesh,
About a year ago, I read a good article about Abbott India in ET and bought a small quantity. I never expected the share price to jump the way it has. If you look at the sales record of the company, its nothing spectacular, ranges from 5-10% annual growth in most years. Dividend yield at current price is < 1%. So, I cannot fathom why the share price has moved from, 18k to around 23k now, even touching 24k. Is it because of some new proprietary products from the parent’s portfolio to be launched in India? Or is it a case of rising tide lifting all boats? Appreciate if you can provide your perspective.
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