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ABB India jumps on reporting 78% rise in Q3 net profit

06 Nov 2013 Evaluate

ABB India is currently trading at Rs. 652.00, up by 22.60 points or 3.59% from its previous closing of Rs. 629.40 on the BSE.

The scrip opened at Rs. 633.40 and has touched a high and low of Rs 654.40 and Rs. 625.00 respectively. So far 93,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 830.00 on 12-Nov-2012 and a 52 week low of Rs. 448.10 on 30-Aug-2013.

Last one week high and low of the scrip stood at Rs. 636.65 and Rs. 611.00 respectively. The current market cap of the company is Rs. 13,799 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 16.36% and 8.64% respectively.

The company has reported 78.15% rise in its net profit at Rs 38.07 crore for the quarter as compared to Rs 21.37 crore for the same quarter in the previous year. However , total income of the company has decreased by 1.26% at Rs 1786.82 crore for quarter under review as compared to Rs  1809.56 crore for the quarter ended September 30, 2012.

ABB is a global 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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