Abb India

Stocks to watch: SpiceJet, IOC, Granules India, Phoenix Mills, ABB India

Stocks to watch: From SpiceJet to Indian Oil Corporation, here are top stocks likely to be in action in Monday's trading session

Why ABB's good fourth quarter numbers may not boost its share price

While global slowdown may limit growth and margins may have peaked, analysts are divided with target prices ranging between Rs 2,820 and Rs 3,370

ABB steps up focus on manufacturing amid revival in the capex cycle

Plan is to increase number of factories in country; position India as global hub for exports

ABB India mulls utilising Rs 1,800 cr for acquisitions to drive growth

Electrification and automation major ABB India can utilise around Rs 1,800 crore of its cash balance for inorganic growth or acquisitions apart from organic expansion plans, a top company official said. The company has identified high-growth potential segments, including transportation, data centres, electronics, warehousing and logistics, water, renewable, food and beverage, pharma and healthcare, automotive, etc. "We have a robust cash balance of Rs 3,616 crore, which can support (it) to take part in the bolt-on acquisition strategies to the extent of 50 per cent of cash available, apart from organic expansion plans," Sanjeev Sharma, Country Head and Managing Director, ABB India told reporters. Sharma stated that its electronics, railways & metro, data centres, warehouse & logistics and renewables segments are growing at a high rate of 15 per cent and above. Food & beverage, pharma & healthcare, water & wastewater and automotive segments are growing at a moderate

ABB India net profit rises by 58% to Rs 306 crore in December quarter

ABB India on Friday posted a 58 per cent jump in its net profit at Rs 306 crore in the December quarter, mainly on the back of higher revenues. The company's net profit stood at Rs 194 crore in the year-ago period. For Q4 CY2022, the net profit was Rs 306 crore, up by 58 per cent year-on year, the company said in a statement. In the December quarter, total revenue rose to Rs 2,427 crore from Rs 2,101 crore a year ago. The company follows January to December calender as its financial year. For CY2022, the net profit almost doubled to Rs 1,026 crore from Rs 532 crore in CY2021, it said. The profit after tax for CY2022 includes an exceptional item of Rs 339 crore from the profit on the sale of the turbocharger business, it explained. It posted a revenue of Rs 8,568 crore for CY2022, the highest in the last five years. Its revenue was at Rs 6,934 crore in CY2021. ABB India achieved a significant milestone in order booking by reaching Rs 10,028 crore in CY2022 and Rs 2,335 crore for

Varun Beverages, ABB India rise to MFs' largecap bucket after strong run-up

Muthoot Finance, Paytm move to the midcap list after MF industry rejigs stock classification

Here's why Mehul Kothari recommends to buy ABB, MRPL

According to the technical analyst from Anand Rathi, ABB can advance to Rs 2,880; while MRPL can jump to Rs 57.

Adani Power, Varun Beverages, ABB ripe for Nifty Next50 inclusion

Biocon, Gland Pharma, Mphasis and Bandhan Bank may move out, says note by Nuvama Alternative & Quantitative Research

Is the capital goods sector on the recovery path as inflation eases?

Revenue growth estimates have moderated post Q2 but the bottom may be close

ABB India net up 69% to Rs 203 cr in July-Sept quarter on higher revenues

Electrification and automation major ABB India on Friday posted a 69 per cent rise in consolidated net profit to Rs 203 crore in the September quarter, aided by higher revenues and a one-off gain. The consolidated net profit of the company stood at Rs 120 crore in the quarter ended September 30, 2021. "Profit after tax reported at Rs 203 crores, a growth of 69 per cent over Q3 2021 (July-September 2021) driven by solid execution after considering a one-time extraordinary gain (Rs 46 Crores) on the final divestment of the turbo charger business," a company statement said. The company follows the January to December financial year. Its revenues rose to Rs 2,120 crore in the quarter from Rs 1,778 crore in the same period a year ago. Total orders for the quarter were at Rs 2,634 crore as compared to Rs 1,909 crore in Q3 2021 (July-September 2021), a growth of 38 per cent. Process automation spearheaded performance, with wins from large conglomerates in steel, cement, gas, resulting i

Varun Beverages, ABB, Page among six stocks that could become large-caps

They could replace Piramal Enterprises, Gland Pharma, Mphasis, Muthoot Finance, Bandhan Bank and Paytm, which may move to mid-cap space, reveals analysis by Brian Freitas of Periscope Analytics

ABB India inaugurates its first smart instrumentation factory in Bengaluru

ABB India on Tuesday said that it has inaugurated its first smart instrumentation factory in Bengaluru for mass production of measurement and analytical devices. "ABB Measurement & Analytics recently opened its first smart instrumentation factory in Bengaluru, India, to support the region's ambition of transforming into a global design and manufacturing hub," a statement said. The new plant will manufacture field devices such as pressure and temperature transmitters, IP convertors and electromagnetic flowmeters for a wide variety of industries, including power, oil and gas, pharmaceutical, water and other segments. "We are pleased to support the local economy in line with 'make in India' programme with our new factory," said Manish Dixit, Regional Sales & Service Manager South Asia, ABB Measurement & Analytics. ABB's smart instrumentation factory will cater to customers with speed and agility, leveraging leading digitalized manufacturing solutions, allowing flexible mass ..

MNC stocks in focus: Charts show up to 17% upside in ABB, HUL, SKF India

ABB India, Hindustan Unilever, and SKF India have excelled well in recent months with ABB and SKF India gradually ralling to all-time highs

Adani Ports, ABB, NOCIL: Top 5 stocks that can rally up 15% in short-term

The broader markets have pulled back sharply, with the benchmarks Sensex and Nifty 50 now up 15 per cent each from the June lows.

Nifty may turn bullish once it crosses 15,858, says Vinay Rajani

The technical analyst from HDFC Securities recommends buying Birla Soft and ABB India for near term gains.

Here's why Vinay Rajani recommends buying ABB India, JK Lakshmi Cement

The technical analyst from HDFC Securities sees the positional trend for Nifty as bullish and expects the index to seek support around 16,400-level.

Strong Q1, bullish guidance indicate encouraging prospects for ABB

Most analysts positive on the stock, but rich valuations mean little room for disappointment

ABB India stock rallies over 10 per cent on strong March earnings

Shares of ABB India on Thursday zoomed more than 10 per cent after the company posted over two-fold jump in net profit for the March quarter. The stock rallied 10.47 per cent to end at Rs 2,224.70 on the BSE. During the day, it zoomed 11.80 per cent to Rs 2,251.50 At the NSE, it jumped 10.20 per cent to settle at Rs 2,220.05. ABB India on Wednesday posted over two-fold jump in net profit at Rs 370 crore for the March quarter compared to the year-ago period mainly on the back of higher revenue. The net profit of the company was Rs 151 crore in the quarter ended March 31, 2021, a company statement said. The company follows January-December financial year. Total revenue rose to Rs 1,968 crore in the quarter from Rs 1,629 crore in the same period a year ago.

ABB India soars 9% on robust March quarter earnings, strong order book

The company has a strong order backlog as of March 31, 2022, at Rs 5,229 crore, which provides revenue visibility and is well aligned to support growth plans in the coming quarters.

ABB India net profit jumps over two-fold to Rs 370 crore in March quarter

The net profit of the company was Rs 151 crore in the quarter ended on March 31, 2021, a company statement said