Stocks

Abbott India shares jump 9%

PTI New Delhi | Updated on March 30, 2020

Shares of Abbott India zoomed almost 9 per cent on Monday amid reports that its parent firm Abbott has got approval to launch 5-minute COVID-19 test for use almost anywhere.

The scrip jumped 8.97 per cent to close at ₹15,400 on the BSE. During the day, it advanced 19.36 per cent to ₹16,869, its 52 week-high.

On the National Stock Exchange, it gained 8.72 per cent to close at ₹15,380.

The BSE has sought clarification from Abbott India Ltd on March 30, 2020, with reference to news that Abbott gets approval to launch 5-minute COVID-19 test.

Rally in the company’s scrip was in contrast with a weak broader market, where the BSE benchmark fell 1,375.27 points to close at 28,440.32.

Published on March 30, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like