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ABB India gains on reporting 20% rise in Q2 net profit

27 Jul 2015 Evaluate

ABB India is currently trading at Rs 1372.40, up by 4.00 points or 0.29% from its previous closing of Rs. 1368.40 on the BSE.

The scrip opened at Rs. 1372.00 and has touched a high and low of Rs. 1392.85 and Rs. 1370.00 respectively. So far 1253 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1525.00 on 19-Feb-2015 and a 52 week low of Rs. 956.10 on 18-Aug-2014.

Last one week high and low of the scrip stood at Rs. 1432.80 and Rs. 1360.00 respectively. The current market cap of the company is Rs. 29137.40 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 17.18% and 7.82% respectively.

ABB India has reported 20.47% rise in its net profit at Rs 57.45 crore for the quarter ended June 30, 2015 as compared to Rs 47.69 crore for the same quarter in the previous year. The company’s total income has increased by 6.04% to Rs 1932.64 crore for the quarter under review from Rs 1822.59 crore for the corresponding quarter of the previous year.

ABB India is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact.

Peers
Company Name CMP
Waaree Energies 2503.95
Apar Industries 17070.25
Havells India 1091.95
Suzlon Energy 42.13
Siemens 3748.10
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