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Abbott India Has Beaten Three Bear Markets
While the drugmaker has lagged the healthcare benchmark this year, it has beaten three three bear markets.
06 Nov 2020, 01:02 PM IST
As Covid-19 pulverised equities globally, one Indian stock stood out: Abbott India Ltd. While the drugmaker has lagged the healthcare benchmark this year, it has beaten three bear markets.Among the companies with a market capitalisation of at least Rs 1,000 crore, the Indian unit of the U.S.-based Abbott Laboratories Ltd. is the only one to return gains in each of the last three bear phases—when the market fell at least 20%—in 2010-1...
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