ABB India is currently trading at Rs. 1241.65, up by 9.50 points or 0.77% from its previous closing of Rs. 1232.15 on the BSE.
The scrip opened at Rs. 1233.25 and has touched a high and low of Rs. 1253.20 and Rs. 1231.25 respectively. So far 3394 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1560.55 on 01-Mar-2018 and a 52 week low of Rs. 1123.00 on 28-Jun-2018.
Last one week high and low of the scrip stood at Rs. 1275.00 and Rs. 1228.30 respectively. The current market cap of the company is Rs. 26404.84 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 16.67% and 8.33% respectively.
ABB India has won its largest traction equipment order in India, worth more than Rs 270 crore to supply state-of-the-art converters for electric locomotives from Diesel Locomotive Works (DLW), in Varanasi.
The converters are custom designed for Indian Railways and will be manufactured at one of ABB’s largest factories for locomotive applications in Nelamangala, near Bengaluru, in Southern India.
ABB’s traction solution is based on the latest technology to bring more reliable trains to passengers, while increasing sustainable transport use by moving from diesel trains to electric. This helps rail operators to achieve significant operational improvements.
ABB India is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally.
