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ABB India zooms on reporting 88% rise in Q1 net profit

13 May 2024 Evaluate

ABB India is currently trading at Rs. 7855.00, up by 672.85 points or 9.37% from its previous closing of Rs. 7182.15 on the BSE.

The scrip opened at Rs. 7555.00 and has touched a high and low of Rs. 7882.05 and Rs. 7408.90 respectively. So far 84590 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 7,900.35 on 13-May-2024 and a 52 week low of Rs. 3,810.00 on 22-May-2023.

Last one week high and low of the scrip stood at Rs. 7882.05 and Rs. 6700.05 respectively. The current market cap of the company is Rs. 162907.74 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.84% and 7.15% respectively.

ABB India  has reported 87.55% rise in its net profit at Rs 459.29 crore for the First quarter (Q1) ended March 31, 2024 as compared to Rs 244.89 crore for the same quarter in the previous year. Total income of the company increased by 27.54% at Rs 3,167.50 crore for March quarter as compared Rs 2,483.46 crore for the corresponding quarter previous year.

ABB India is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future.


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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