ABB India shares surge 7% to hit new all-time high after UBS lifts target price

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₹6,341.90 apiece after the global brokerage firm UBS in its latest report lifted the target price on the stock to ₹7,550 apiece from an earlier price target of ₹5,380, citing a high double-digit growth across domestic and export orders from motion and low-voltage EP segments with a steady ramp-up in OPMs. It expects order inflow growth of 23% during 2023–26E, with revenue growth of around 21% on a 23% earnings CAGR.

Also Read: Reliance share price rises after Goldman Sachs raises target price on stock, sees 54% upside potential UBS also outlined a bullish scenario with a target price of ₹8,840 per share, while setting a downside valuation target of ₹4,840 per share, factoring in a more modest pace of order inflow and limited scope for margin expansion. ABB India (ABB) is a 75%-owned subsidiary of Switzerland-based ABB Group, a global leader in power, automation products, and solutions with operations in more than 100 countries.

Through its large base of manufacturing facilities, ABB is a leader in the process industry automation sector in India. ABB Group also uses India as a resource base for its international operations.

Also Read: From BigBasket to Tata Electronics: Here's all about 8 Tata firms gearing up for IPOs in next 2-3 Years The brokerage pointed out that ABB's low- and medium-voltage product suite is expanding in both range and geographical exposure, covering both conventional and emerging market segments. There is a clear focus among global firms, like SIEM and Schneider, along with ABB, on capturing long-term growth in electrification.