Market Outlook 7th Aug 2009

INTRADAY calls for 7th Aug 2009
+ve Scripts : Alphageo, Wockpharma
Buy J&KBank-477 @ 460 for a target 500 stop loss 454
Buy HUL-278 @ 268 for a target 278 stop loss 264
Buy ABB-682 @ 660 for a target 680 stop loss 650

Positional
Buy Maheseamles-271 @ 263 for a target 300 stop loss 258
Buy Selan-203 @ 193 for a target 250 stop loss 185
Buy KLGSys-179 @ 175 for a target 250 stop loss 169
Buy DCB-38 @ 37 for a target 58 stop loss 34

 

NIFTY FUTURES LEVELS

SUPPORT

4540

4473

4406

RESISTANCE

4588

4606

4675

4742

4809

4875

SGX -40

http://karvindia.blogspot.com

 

Strong & Weak  futures,

This is list of 10 strong futures:

Bharat Forge, GT OFFshore,Aban OFFshore,Patni,Shree Renuka,Jindal Saw,Tata Motors, kotak Bank,DCB & Polaris Softwar 

And this is list of 10 Weak futures:

Divi'S Lab, Suzlon,Ivrcl Infra,Abb Ltd,Patel Engineering,Chambal Fert,Crompton Greaves,Federal Bank,Hero Honda & GMR Infra,

Nifty is in Up Trend. 

 

NIFTY FUTURES (F & O): 
Selling may continue up to 4540-4542 zone for time being.

Hurdles at 4588 & 4606 levels. Above these levels, expect short covering up to 4673-4675 zone and thereafter expect a jump up to 4740-4742 zone by non-stop.

Sell if touches 4807-4809 zone. Stop Loss at 4873-4875 zone.

On Negative Side, break below 4473-4475 zone can create panic up to 4406-4408 zone. If breaks & sustains this zone then downtrend may continue.
 
Short-Term Investors:  
Bullish Trend. 3 closes above 4473 level, it can zoom up to 4988 level by non-stop. 

BSE SENSEX:
Lower opening expected. Downtrend should continue. 

Short-Term Investors:  
Short-Term trend is Bullish and target at around 16861 level on upper side.
Maintain a Stop Loss at 15065 level for your long positions too.
 
Global Cues & Rupee
The Dow Jones Industrial Average closed at 9,256.26. Down by 24.71 points.
The Broader S&P 500 closed at 997.08. Down by 5.64 points.

The Nasdaq Composite Index closed at 1,973.16. Down by 19.89 points.

The partially convertible rupee INR=IN ended at 47.68/69 per dollar on yesterday, weaker than Wednesday's close of 47.52/53.

 

FII DATA

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	06-Aug-2009	2509.11	2880.52	-371.41

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	06-Aug-2009	1524.08	1266.68	257.4

 

 Interesting findings on web:
The Dow Jones Industrial Average fell 24.71 points, or 0.27%, to 9256.26, the Standard & Poor's 500 dropped 5.64 points, or 0.56%, to 997.08 and the Nasdaq Composite lost 19.89 points, or 1%, to 1973.16.

Stocks fell for a second straight session Thursday as tech stocks dragged after Cisco's tepid outlook and investors remained jittery ahead of tomorrow's jobs report.

In today's economic news, initial claims for unemployment benefits fell by 38,000 last week, much more than expected. The total number of people on unemployment benefits continued to rise, indicating that new layoffs are tapering off but job creation hasn't started to pick up yet.

This came after a pair of disappointing employment reports yesterday: ADP said 371,000 jobs were cut from private-sector payrolls in July, more than the 335,000-loss expected. And Challenger, Gray & Christmas reported that planned job cuts jumped 31 percent last month.

Jobs were at the forefront of traders' minds today as Friday brings the government's employment report.

Economists expect it to show 320,000 jobs were dropped from non farm payrolls in July, following a loss of 467,000 in June.

Economists surveyed by Dow Jones Newswires on average expect July non-farm payrolls to have dropped by 275,000 jobs, from a loss of 467,000 jobs in the previous month.

There was even some buzz in the market today that the number could come in better than expected.

Investors had a negative cue from Wall Street's performance on Thursday, with the Dow Jones Industrial Average slipping 0.3%. That, coupled with uncertainty ahead of U.S. non-farm payrolls data later in the global day, prompted some light profit-taking.

"The (U.S. payrolls) data is one of key indicators that will help investors gauge the pace of the recovery of the U.S. consumer spending. So they want to see if the data quells the recent enthusiasm or helps extend the recent rallies," said Lee Kyoung-min at Woori Investment & Securities in Seoul.

Thursday's slump was led by sinking energy stocks and the Nasdaq Composite, which tumbled twice as far as the broader markets.

Even though the losses have been modest, the two-day losing streak stands in contrast to the bullish tone that has dominated Wall Street for the past several weeks. The mini selloff comes in the shadow of Friday's jobs report, which is likely to show the U.S. unemployment rate edged even closer to the psychologically-important 10% threshold.

Financial stocks were the Dow's top percentage gainers after some encouraging analyst comments.

The biggest percentage winners on the index were American Express (AXP: 31.31, 0.97, 3.2%) and Boeing (BA: 45.51, 1.73, 3.95%).

Bank of America [BAC  16.70    0.04  (+0.24%)   ] gained 0.2 percent after Keefe, Bruyette & Woods said the bank will likely post mild losses in the second half and turn profitable in 2010.

AIG [AIG  22.53    0.53  (+2.41%)   ] gained 2.4 percent, after being up more than 25 percent at one point, following a front-page story in the Wall Street Journal today that banks and lawyers could stand to collect nearly $1 billion in fees from the breakup of the insurer.

Former AIG CEO Hank Greenberg agreed to pay $15 million to settle past accounting issues with the SEC.

CIT Group [CIT  1.62    0.23  (+16.55%)   ] jumped 17 percent after the lender recently secured a $3 loan facility from bondholders.

Morgan Stanley (MS: 30.51, -0.519, -1.67%) said it inked a deal with the government to repurchase its TARP warrants for $950 million. The bank said the deal provides taxpayers with a 20% annualized return.

Ford [F  8.07    -0.37  (-4.38%)   ] dropped 4.4 percent, even after the Senate reached a deal late Wednesday to extend the "Cash for Clunkers" program through September, pumping another $2 billion into the program.

And General Motors [MTLQQ  0.6251    0.1081  (+20.91%)   ] jumped 21 percent, though that's only 11 cents, after the automaker announced plans for a plug-in rechargeable midsize SUV, to be released sometime in late 2010 or in 2011.

Just over half of the Dow's 30 members closed on the downside, led by Proctor & Gamble (PG: 51.44, -2.55, -4.72%) and Alcoa (AA: 12.78, -0.51, -3.84%).

Cisco [CSCO  22.308    0.138  (+0.62%)   ] was what created some of the uncertainty in the tech sector after the networking-gear maker beat earnings expectations but said it's too soon to call a recovery. Still, its shares eked out a gain of 0.6 percent, while most of the rest of the tech sector finished lower.

Energy stocks led the way down Thursday as stocks like Sunoco (SUN: 25.61, -0.83, -3.14%) and Chevron (CVX: 69.21, -0.62, -0.89%) slumped as crude oil tumbled as much as 2%. Yet the commodity closed well off its worst levels, settling down 3 cents a barrel, or 0.04%, at $71.94.

Meanwhile, the markets responded well to the 11th consecutive month of declining same-store sales from retailers, the longest such streak since records began in 1990. While Costco (COST: 48.75, -0.31, -0.63%) and Target (TGT: 41.7687, 0.0087, 0.02%) reported worse-than-expected sales declines, other retailers like Saks (SKS: 5.322, -0.088, -1.63%) and Limited Brands (LTD: 14.39, 1.65, 12.95%) beat the Street's view and Buckle (BKE: 26.27, -4.68, -15.12%) even posted a sales increase.

Macy's (M: 15.04, 0.79, 5.54%) reported a worse-than-expected decline of 10.7% in July same-store sales. However, the department store operator sees a non-GAAP profit of 15 cents to 17 cents in the second quarter, well above the Street's view.

Gap [GPS  18.14    1.37  (+8.17%)   ] up more than 5 percent.

After the bell today, we'll hear from CBS [CBS  8.54    -0.32  (-3.61%)   ], Nvidia, and VeriSign, among others.

Comcast (CMCSA: 15.06, 0, 0%) beat the Street with a 53% jump in net income during the second quarter even as its subscriber growth slowed. Comcast's revenue climbed 4.5% to $8.94 billion, also topping estimates.

Target (TGT: 41.7687, 0.0087, 0.02%) disappointed Wall Street with a 6.5% decline in same-store sales. However, the discount retailer said it is seeing "modestly improving risk trends" in its credit card segment.

Saks (SKS: 5.322, -0.088, -1.63%) weighed in with a 16.3% decline in same-store sales during July as the luxury department store chain continues to reel from the recession. The double-digit decline in sales was slightly better than the 16.6% slide analysts had been bracing for.

Brinker International (EAT: 15.12, -3.27, -17.78%) saw its shares fall more than 17% after the casual dining chain issued disappointing earnings guidance. Still, the operator of Chili's and Macaroni Grill topped estimates with a quarterly profit of 52 cents per share. Its sales tumbled by a worse-than-expected 22.7% to $829.4 million.

Wendy's/Arby's Group (WEN: 5.08, 0.32, 6.72%) said it swung to a profit in the second quarter as the company nearly tripled its revenue. The third-largest U.S. fast food chain earned 3 cents per share, compared to a loss of 7 cents per share a year ago.

Sirius XM (SIRI: 0.531, -0.009, -1.67%) reported an in-line loss of 1 cent a share, excluding one-item items, as the company saw subscriptions fall by nearly 1% during the quarter. On an adjusted basis, the satellite radio operator's revenue grew 1.1% to $607.8 million, also matching estimates.

The U.S. Senate voted on a razor thin margin to approve a further $2 billion to extend the popular "Cash for Clunkers" program, ensuring the voucher scheme will be able to continue through the rest of the summer.

Oil, Treasury & Currencies:

U.S. oil prices fell back slightly from a six-week high on Thursday, pulled lower by weakness on Wall Street and gains in the U.S. dollar.

U.S. light, sweet crude [US@CL.1  71.58    -0.36  (-0.5%)] fell 3 cents to settle at $71.94 a barrel, after touching a peak of $72.42 earlier in the day, the highest since late June. London Brent crude [GB@IB.1  74.58    -0.25  (-0.33%)] fell 68 cents to settle at $74.83 a barrel.

U.S. Treasury prices finished slightly lower Thursday after some volatility, as a better-than-expected weekly jobs report encouraged hopes of economic recovery but slipping stock led to some safe-haven flows. 

The dollar headed for a fifth weekly drop against the currencies of six major U.S. trading partners as investors sought higher-yielding assets ahead of a Labor Department report forecast to show companies cut fewer jobs.

The yen was poised for a weekly loss versus 14 of its 16 major counterparts on signs the global recession is abating, curbing demand for safe-haven currencies. The Australian dollar is set to rise a fourth week against the greenback and yen after the Reserve Bank of Australia said it may raise interest rates.

"Market sentiment has been recovering significantly," said Yuji Saito, head of the foreign-exchange group in Tokyo at Societe Generale SA, France's third-largest lender. "An improved U.S. employment report will probably lead to selling of the dollar and the yen."

The Dollar Index traded at 77.99 as of 11:04 a.m. in Tokyo from 78.053 in New York yesterday and 78.347 on July 31. The gauge, which the ICE uses to track the U.S. currency against the euro, yen, pound, Canadian dollar, Swiss franc and the Swedish krona, fell to 77.428 on Aug. 5, the lowest level since Sept. 29.

The yen traded at 136.86 per euro from 136.94 in New York yesterday, and was at 95.35 per dollar from 95.46. Australia's dollar bought 83.81 U.S. cents from 83.95 cents, and fetched 79.91 yen from 80.13 yen. The pound traded at $1.6763 from $1.6783 yesterday, when it slid as much as 1.4 percent in the biggest intraday drop since July 6. Against the pound, the euro was at 85.56 pence, from 85.49 pence.

What to expect:

FRIDAY: July jobs report; consumer credit; Earnings from Liberty Media.

Besides the 8:30 employment report, other data includes consumer credit at 3 p.m. AIG reports earnings Friday. The stock has moved sharply higher this week, in what traders describe as a short squeeze. 

Friday Look Ahead: July Job Losses Seen Slowing

July's employment report could show job losses abating more than expected, even as the unemployment rate creeps closer to 10 percent.

Wall Street economists were still crunching their forecasts Thursday, with some coming in well under what had been the street's consensus.

"The consensus is for right around minus 325,000 and that consensus has slowly risen, as evidenced by Goldman and Deutsche today. That tells me that if it's true, the position of the street is it's bracing for a stronger than consensus print," said RBS head Treasury strategist Bill O'Donnell. He said bonds had been pricing in some fear about the number. "For the bond market, the fear is a less negative number, which would be good for stocks."

Goldman Sachs economists Thursday trimmed their forecast from -300,000 to -250,000 and maintained an expected unemployment rate of 9.7 percent. Deutsche Bank chief U.S. economist Joseph LaVorgna revised his forecast for non farm payrolls to -150,000, from -325,000.

The improved outlook for jobs follows on a batch of raised expectations for third quarter GDP in the past week. Many economists now expect the quarter to show growth, based on recent economic data and some optimism that the automobile industry is gaining traction from the "cash for clunkers" program. The benefit from "clunkers" may be temporary, however.

"The economy is growing this quarter. I think the job loss has been extreme because a lot of it has to do with the financial crisis immediately following Lehman. If GDP is turning positive for the first time against that backdrop, it seems reasonable at some point that the rate of job losses would slow and slow quite markedly," said LaVorgna.

"When you're at an economic inflection point, as we are, we think right now the improvement in payrolls tends to be greater than the improvement in (unemployment) claims," he said.

On Thursday, the government said new claims for unemployment benefits fell to 550,000 last week, from a revised 588,000 the week earlier. Economists had expected 580,000 new claims.

Goldman Sachs economists, in a note, said one reason they changed their forecast is because of a stabilizing in the economy and an improvement in jobless claims, which indicates improvement in the labor market. Goldman pointed out that its view is for a better outcome even after correcting for the seasonal distortions created by the shut down of auto plants. It also notes that the short-term hiring and then firing of government census workers reduced payrolls by 49,000 in June.

However, Mesirow Financial chief economist Diane Swonk said she's sticking to her forecast for losses of 400,000 payrolls.

"I actually think it's going to be a worse number, more like 400,000, but I'm not sure how relevant that is because we're going to see improvement in August and September given the (automobile) production schedule," she said.

"The other issue is the shadow unemployment rate. How are people who are so discouraged and long-term unemployed doing? These are the issues that are becoming part of the cost to the budget regardless of whether you a have stimulus or not. It really underscores that no matter how you cut it, it costs revenues when you have a recession. The other subplot is the chronically unemployed. It's a big deal," she said.

Swonk said the "shadow" unemployment rate — including the underemployed and people who no longer look for jobs — is about 16 or 17 percent.

While manufacturing job losses may show some signs of abating, previously strong areas like health care and education should show reductions. "A lot of hospitals are cutting back. They're cutting back on administration," she said.

One sector that may see a pickup sooner than others is small business. If you look at statistics provided by the National Federation of Independent Business, which represents small business, it sees the unemployment rate lower by October, at 9.1 percent. This contrasts with the expectation of most Wall Street economists, who believe the unemployment rate will continue to climb and peaks at double digit levels some time between late this year to mid next year.

William Dunkelberg, an economist for the group, reports that small businesses were still shedding jobs in July — with 24 percent surveyed reducing employment by 4.1 workers.

"I looked at the July numbers and by industry and by region, everything was flat to down...As far as job creation, we need the consumer to come back," he said.

In the next three months, the NFIB's survey shows that 14 percent of the businesses plan to reduce employment, while 9 percent plan to create new jobs. Owners are also cutting compensation as well.

The NFIB's forecast tends to forecast the actual unemployment rate fairly well, if you look at a chart. Dunkelberg said it went off course once, during the recession of the early 1980s.

"Fortunately we don't have a lot of recessions to look at. I think it probably squares up with me okay because we're not firing as many people ... that could bring the unemployment rate down. It's still very high, " he said. "If we quit firing people, the unemployment rate will come down. Even in the best of times of 4.5 percent unemployment — there are 350,000 people every week filing for unemployment claims."

Dunkelberg also said the summer is a slow season for hiring and fall hiring doesn't show up until August and September.

Stocks traded in a narrow range Thursday, in subdued trading ahead of the jobs report. The Dow as down 24 at 9256, while the S&P 500 was down 5 at 997, its first close below 1,000 since last Friday. The worst performers were defensive telecom, down 1.2 percent and health care, off 1 percent. Industrials were the best performer, up 0.6 percent.

Bonds drifted in slow trading. "If you look at the 10-year, they were sharply unchanged," said O'Donnell.

The 10-year was trading 3.76 percent. The dollar was slightly higher and commodities were mostly lower. 

Obama in No Rush About Bernanke's Fate at Fed

President Barack Obama is unlikely to tip his hand as soon as financial markets would like on whether he plans to name Federal Reserve Chairman Ben Bernanke to another term.

Many investors have signaled they would prefer Bernanke to get a new four-year term after his first one expires on Jan. 31, 2010 and they would like Obama to lay to rest any uncertainty about the renomination without delay.

But the president is likely to take his time as he weighs whether Bernanke's role in the run-up to the credit crisis will be a political liability going forward and if there is firm evidence the economic recovery is on track.

"If you get beyond August without an announcement, the markets will begin to get nervous," said Camden Fine, the president of the Independent Community Bankers of America.

Taking history as a guide, a public announcement could be be delayed until late October. That is when former President George W. Bush announced his replacement for Alan Greenspan in 2005. 

Airline stocks advance while performance declines

Demand for airline travel has fallen for the last 13 months, but experts think the drop has finally bottomed out: "[I]nvestors bet the falloff in demand had reached a trough, with no where to go but up," The Wall Street Journal reported earlier this week.

In response, stocks prices are up slightly. Bloomberg's U.S. Airline Index grew 4%, a ten-year high. Year-over-year traffic is still declining, but not as rapidly as it has been (At United, for example, traffic fell 12.5% in May and 7.5% in June, but only 4% in July.).

Asia:

Asian stocks fell for the third time in four days as metals prices declined and on concern a U.S. unemployment report later today will hurt investors' confidence in a global recovery.

Toyota Motor Corp., which gets 31 percent of its revenue in North America, lost 2.2 percent. A report is forecast to show the U.S. jobless rate climbed to the highest in 26 years. BHP Billiton Ltd., the world's largest mining company, sank 2.9 percent in Sydney.

Konica Minolta Holdings Inc., a maker of printers and office equipment, slumped 10 percent after first- quarter profit tumbled 98 percent. China Construction Bank Corp. may be active in Hong Kong after saying it will reduce lending.

The MSCI Asia Pacific Index lost 0.4 percent to 112.11 as of 10:34 a.m. in Tokyo, paring its advance this week to 0.2 percent.

The gauge has climbed 59 percent from a five-year low on March 9 on speculation the global economy is recovering.

"The market has run a bit ahead of the fundamentals," said Rob Patterson, who helps manage $2.7 billion at Argo Investments Ltd. in Adelaide, Australia. "Things are getting less worse rather than better. Having said that, we're hopeful we've passed the low point and that the world is becoming a better place."

Japan's Nikkei 225 Stock Average dropped 0.5 percent, while Australia's S&P/ASX 200 Index lost 0.9 percent. New Zealand's NZX 50 Index rose 0.2 percent.

Futures on the Standard & Poor's 500 Index were little changed. The gauge slipped 0.6 percent yesterday as JPMorgan Chase & Co. downgraded health-care stocks.

Japan's Nikkei stock average edged down on Friday as investors, nervous ahead of crucial U.S. jobs data, locked in profits, with Honda Motor Co (7267.T) and other carmakers down after climbing the day before.

Konica Minolta Holdings Inc. (4902) shares sharply fell back Friday morning, briefly going limit-down by 100 yen to 891 yen.

Shares in Mitsubishi Rayon Co. (3404) bounced back Friday morning, briefly rising 15 yen to 273 yen, after The Nikkei reported the same day that the firm plans to start producing a high-performance chemical in Saudi Arabia.

Japan Airlines Corp. (9205) officially announced Friday morning that it will step up efforts to reduce excess seat capacity, canceling or reducing flights on 10 international routes from Oct. 25. The nation's leading carrier also said it will stop flights for six domestic routes. 

HSI 20674.03 -225.21 -1.08%. (08.35 AM IST).

Hong Kong stocks moved broadly lower in early Thursday trade, with financial shares trading down amid general concern that mainland China may significantly tighten lending in the near term. The Hang Seng Index traded 1% down at 20,695 in mid-morning action, while the Hang Seng China Enterprises Index was off 2% at 11,815. Shares of China Construction Bank Corp. /quotes/comstock/22h!e:939 (HK:939 5.77, -0.17, -2.86%) fell 2.7% after a Bloomberg report that it intends to sharply curb lending in the second half of the year, while Bank of China Ltd. /quotes/comstock/22h!e:3988 (HK:3988 3.66, -0.08, -2.14%) lost 1.9% and HSBC Holdings Plc /quotes/comstock/22h!e:5 (HK:5 85.00, -0.20, -0.24%) /quotes/comstock/13*!hbc/quotes/nls/hbc (HBC 55.77, +1.53, +2.82%) slipped 0.1%. Shanghai-listed shares were also lower, with the Shanghai Composite off 0.6%.

China:

China Construction Bank Corp. President Zhang Jianguo said the nation's second-largest bank will cut new lending by about 70 percent in the second half to avert a surge in bad debt.

"We noticed that some loans didn't go into the real economy," Zhang, 54, said in an interview yesterday at the bank's headquarters in Beijing. "I feel that some industries are expanding too rapidly. For example, housing prices are rising too fast, and housing sales are growing too fast."

Volkswagen AG, world's third-largest auto maker, sold a record 652,222 vehicles in China and Hong Kong in the first half of year, up 22.7% year on year, making China its biggest auto market worldwide for the first time, sources reported.

China's GDP to grow 8% this year: State Information Center

China's gross domestic product is expected to grow about 8% this year thanks to the economic recovery under the government's stimulus package, the State Information Center said in a report released on Thursday.

In the first half of the year, the gross capital formation and consumption, which contributed 87.6% and 53.4% respectively to the country's economic growth, drove the GDP to grow 6.2% and 3.8%. However, the slump net exports caused by the falling foreign demand amid the global economic recession dragged the GDP growth down by 2.9%, according to the report.

The State Information Center estimated that China's consumer price index will edge down 0.5% in 2009, while the producer price index will decline 5%.

The M2 money supply will increase 23.5% this year, far more than the 17% target set by the government.

The State Information Center suggested that the government should stick to a relatively relaxed monetary policy and strengthen the credit structure to prevent the possible financial risks.

China's exports are expected to decline 17.5% this year, the center said, adding that imports may fall 16%. The trade surplus is expected to shrink to US$220 billion.

    

INVESTMENT VIEW
Abbott Labs: Rising Volumes, Rising Price, Heading For Rs 750 at 15XFY09 EPS
 
Abbott Labs: Rising Vols, Rising Price Indicate Move Up to Rs 750

FY09 (October End) estimated EPS Rs 50, 12 M Target Rs 750 at 15XFY09 EPS

 

Abbott, is a company that focuses on turning science into caring – ABBOTT, A Promise for Life. For more than a century, Abbott Laboratories has been working to advance health care for people around the world. Founded in 1888 by a young Chicago physician, Dr Wallace Calvin Abbott, Abbott Laboratories has evolved into a diversified health care company that discovers, develops, manufactures and markets innovative products and services.

 

Products and services of Abbott, span the continuum of care from prevention and diagnosis, to treatment and cure. Abbott today is a global, diversified health care company devoted to the discovery, development, manufacture and marketing of pharmaceutical, diagnostic, nutritional and hospital products.

 

The company now employs approximately 65,000 people and markets its products in 130 countries worldwide.

 

Abbott extends this commitment with a strong presence in India as it has grown and evolved its operations in India over many decades. Products encircle life from newborns to ageing adults. Abbott has built expertise and leadership in primary care therapeutic areas like Gastroenterology and Paincare. Specialty areas include Neuroscience, Metabolics and Hospital Care.

 

Abbott serves the needs of Indian consumers with products backed by science and R&D. It has locally developed brands like Digene, Cremaffin, Epilex, Zolfresh and Obimet. Abbott has also brought global products including Brufen, Prothiaden, Ganaton, Sevorane, Thyronorm and Leptos to Indian consumers. Abbott's pioneering products like Survanta help infants.

 

Abbott India, today has strong brand equity and commands esteem in the market place. To reach the customer, Abbott India has a network of 18 distribution points, which cater to 11,000 stockists and 70,000 retailers. Behind Abbott India's success, is a team of competent, committed people, driven by the principles of Value Based Management, and aided by strong alliances and partnerships.

 

Abbott India Limited, provides healthcare solutions through its four business units: 

Primary Care, which markets products in the areas of Pain Management, Gastroenterology, with well-known brands like Brufen, Digene, Cremaffin. 

Specialty Care – Metaboloics & Urology provides solutions in the areas of Thyroid, Obesity, Diabetes and Benign Prostratic Hyperplasia. 

Specialty Care - Neuroscience has a varied portfolio, with specialty products in the Neurology and Psychiatric segments. 

Hospital Care, offers products in the field of anesthesiology and neonatology namely Forane, Sevorane and Survanta.

 

The company has over 1000 employees and a state-of-the-art formulation plant at Verna in Goa. The manufacturing locations are designed to produce quality, high volume formulations using cost efficient processes. The plant has well equipped laboratories and trained personnel to ensure international standards of quality at each step of the manufacturing process.

 

The company has in-house development and medical teams to undertake product and clinical development tailored to the needs of the Indian market. Abbott provides quality health care worldwide by creating healthcare solutions, which directly affects the life of the common man.

(Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.)
 
--
Arvind Parekh
+ 91 98432 32381