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How To Invest In Abbott Stocks From India

Looking to buy Abbott India stock? Read this blog to know all about Abbott India’s latest financial report, stock price, and how to invest in the stock.
October 26, 2023

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Abbott India is a pharmaceutical company that was incorporated in 1944. It officially entered India during the year 1910 and soon became widely known for high-quality medicines.

Believe it or not, but Abbott India went through several rounds of name changes before adopting the name that it’s known by today. That’s not the only thing that has changed, however. 

Abbott India’s stock price has grown from 506 back in 1999 to a mammoth 18,758.20 as of August 2021. In this story, we’ll help you find out how to invest in Abbott India stock. You can consult a Cube wealth coach or download the Cube wealth app.

The Fundamentals Of Abbott India Stock

1. Stock Name: Abbott India Ltd. (ABBOTINDIA)

2. Share Price: ₹18,758.20*

3. Market Cap: ₹40,469 crores ($5.44 billion)

4. Dividend Yield: 1.44

5. Beta: 0.13

6. 52 Week Low: ₹19,140.00

7. 52 Week High: ₹18,730.05

Fun Fact: Abbott India has a higher market capitalization than companies like Hindustan Petroleum, Madras Rubber Factory, IDFC FIRST Bank, and US companies like Papa John's Pizza. 

Abbott India Stock Price From 1999 To 2021

Investment Facts


Fun fact: Abbott India was originally called the Boots Pure Drug Company (India) Limited.

How Are Abbott India Stock Prices?

Abbott India stock price has grown by more than 19% from January 1st, 2021 to August 17th, 2021 (year to date). That’s relatively less compared to its top peers like: 

  • Sun Pharma (31%)
  • Divi's Laboratories Ltd (27%)   

On the other hand, Abbott India’s stock growth (year to date) is better than its top competitors like:

  • Dr Reddy's Labs (-10%)
  • Cipla (9.24%)

Abbott India also has a solid EPS. In fact, it’s in the top 15 stocks with the best TTM EPS in India. Earnings per share is a measure of a company’s profitability. Higher the EPS, the better the company. 

Is Abbott India Stock A Good Buy?

Abbott India’s revenue for the quarter ended June 2021 stood at ₹1,217.83 crores. That’s a significant improvement from the previous year (same quarter), up from ₹1,064.27 crores by approximately 14%. 

Furthermore, Abbott India has also registered a healthy quarter on quarter growth. Its revenue grew from ₹1,095.54 crores in the March 2021 quarter to ₹ 1,217.83 crores, which is a jump of 11.16%. 

Does Abbott India Stock Fit Into Your Portfolio?

Abbott India’s financials are solid but in the pharmaceutical industry, there’s no such thing as a free lunch. Admittedly, ABBOTINDIA has been known to be consistent. 

However, the launch of a new breakthrough drug by a competitor or failure in clinical trials may impact the stock price. Add to the fact that this is a direct stock which means it may experience short term volatility.

Thus, it’s wise to get your risk profile and investment goals evaluated before buying a pharmaceutical stock like Abbott India. Furthermore, it’s important to identify whether the ABBOTINDIA stock will fit in your current portfolio. You can consult a Cube wealth coach or download the Cube wealth app.

Top Ways To Buy Abbott Stock From India

Broadly speaking, you can invest in Abbott India shares in 3 ways.

1. Mutual Funds

Buying an Abbott India share may be relatively costly for several investors. However, they can reap the benefits of the ABBOTINDIA stock through mutual funds that hold the stock. 

2. Equity Advisor

The pharma industry is a tough nut to crack if you’re an investor with limited time for research. Truth be told, identifying the right pharma stock for your portfolio would take up a lot of man-hours. 

That’s why busy professionals can benefit from getting advice from IAs like Purnartha. An investment advisor recommends stocks that can fit your goals and risk profile.

PMS is an option for investors who want greater flexibility and services for their portfolios. PMS entities like Marcellus or Ambit Capital can help you figure out if you should invest in Abbott India stock.

FAQs 

1. Are there any restrictions on buying U.S. stocks like Abbott from India?

Ans. Indian investors are subject to certain regulations and limits when buying foreign stocks. It's essential to ensure compliance with the rules and guidelines set by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI).

2. What are the tax implications of buying U.S. stocks like Abbott from India?

Ans. The tax treatment of U.S. stocks for Indian investors can vary based on factors such as capital gains and applicable tax treaties between India and the United States. Consult with a tax advisor for specific guidance.

3. How do I research Abbott Laboratories as a company before investing?

Ans. Research Abbott Laboratories by analyzing its financial reports, market performance, news releases, and understanding its business operations and future prospects.

4. How can I fund my international brokerage account from India?

Ans. You can fund your international brokerage account by transferring funds from your Indian bank account to the brokerage account using methods like wire transfers.

Conclusion

In conclusion, buying Abbott stocks from India is a viable and accessible option for investors. By following these steps:

1. Open an international brokerage account.

2. Complete the necessary documentation and fund your account.

3. Research Abbott Laboratories as a company.

4. Place an order to purchase Abbott stocks through your brokerage platform.

5. Monitor your investment and stay informed about market trends and Abbott's performance.

Indian investors can gain exposure to global markets and potentially benefit from the growth of a reputable company like Abbott Laboratories. However, it's crucial to remain aware of currency exchange rates, tax implications, and regulatory requirements when trading international stocks. Consulting with financial experts or investment professionals can provide valuable guidance for making well-informed investment decisions in the global market.


Note:

Facts & figures are true as of 17-08-2021. All information mentioned is for educational purposes and relies on publicly available information. None of the information shared here is to be construed as investment advice. We strongly recommend you consult a Cube Wealth coach before investing your money in any stock, mutual fund. PMS or alternative asset.

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Priya Bansal
Curious about personal finance and all things money. Can either find me reading a book or dancing to a tune.

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