/ ABB India Surges On Reporting 18% Jump In Q3 Net Profit ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 26 October 2017

ABB India is currently trading at Rs. 1408.45, up by 21.45 points or 1.55% from its previous closing of Rs. 1387.00 on the BSE.

The scrip opened at Rs. 1387.00 and has touched a high and low of Rs. 1410.00 and Rs. 1356.65 respectively. So far 49026 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1619.45 on 10-May-2017 and a 52 week low of Rs. 950.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 1410.00 and Rs. 1330.00 respectively. The current market cap of the company is Rs. 29751.94 crore.

The promoters holding in the company stood at 75.00%, while institutions and non-institutions held 16.95% and 8.05% respectively.

ABB India has reported a rise of 18.17% in its net profit at Rs 83.39 crore for the quarter ended September 30, 2017 as compared to net profit of Rs 70.57 crore for the same quarter in the previous year. However, total revenue from operations of the company decreased by 12.84% at Rs 1,915.37 crore for September quarter as compared Rs 2,197.64 crore for the corresponding quarter previous year.

ABB India is a leading global technology company in power and automation that enables utility, industry and transport & infrastructure customers to improve their performance while lowering environmental impact.

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