Monday, 24 November 2008

Buy Abbott India, target of Rs 540: LKP Shares

LKP Shares has recommended a buy rating on Abbott India with a price target of Rs 540 in its research report. "Given the healthy return ratios and dividend yield of 4.5% we believe that the debt-free Abbott India is making the right moves through the share buy-back to enhance value for its stake holders at a time when growth is hard to come by. We recommend a BUY on the stock with a one-year price target of Rs 540," says LKP Shares' research report.

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Source: Moneycontrol

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