Buy ABB India, target price Rs 7500: Motilal Oswal
ABB India Ltd. with a target price of Rs 7500. The current market price of ABB India Ltd. is Rs 6526.15.
ABB India Ltd., incorporated in the year 1949, is a Large Cap company (having a market cap of Rs 138276.57 Crore) operating in Engineering sector.
ABB India Ltd. key Products/Revenue Segments include Switch Gear Items, Motors/Alternators/Generators, Others, Electronic Control And Supply Units For Variable Speed Drives, Erection & Other Services, Other Operating Revenue, Scrap for the year ending 31-Dec-2022.
Financials For the quarter ended 31-12-2023, the company has reported a Standalone Total Income of Rs 2835.08 Crore, down -.38 % from last quarter Total Income of Rs 2846.01 Crore and up 13.54 % from last year same quarter Total Income of Rs 2496.92 Crore. Company has reported net profit after tax of Rs 338.66 Crore in latest quarter.
Promoter/FII Holdings Promoters held 75.0 per cent stake in the company as of 31-Mar-2024, while FIIs owned 11.88 per cent, DIIs 5.95 per cent.
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