#abb india

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ABB India share surges 7% as UBS raises target price - VV Stock Zone

Shares of ABB India soared by 7% during early trading hours today, reaching an unprecedented peak of ₹6,341.90 per share.

In a testament to its robust performance and promising future prospects, shares of ABB India soared by 7% during early trading hours today, reaching an unprecedented peak of ₹6,341.90 per share. The surge came on the heels of a compelling report by global brokerage firm UBS, which not only upgraded its target price for the stock but also outlined a bullish scenario for investors.

The latest report from UBS revised the target price for ABB India to ₹7,550 per share, a significant uplift from its previous target of ₹5,380. This upward revision was underpinned by a multitude of factors, including a high double-digit growth trajectory across both domestic and export orders within the motion and low-voltage EP (Electrical Products) segments. Additionally, UBS cited a steady ramp-up in Operating Profit Margins (OPMs) as a contributing factor to its optimistic outlook on the stock.

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Hot Stocks: Brokerage view on Sunteck Realty, L&T, UltraTech Cement, HUL & ITC

Brokerage firm Jefferies maintained a buy rating on Sunteck Realty. Credit Suisse is bullish on L&T, UltraTech Cement, and Cummins India while it maintains an underperform stance on Container Corp, ABB India, and Voltas. CLSA continues to like HUL, ITC, and Dabur India while it has maintained its sell rating on Britannia Industries and Nestle India on account of high valuations. We have collated…

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ABB India expands Gujarat unit, to add traction motor plant for metro rail

Even as it expands its Gujarat facility at Vadodara by inaugurating a digital substation products and systems plant, ABB India is also planning to expand its traction motor output for locomotives and metro rail projects with a new plant at the location.

While the company supplies traction motors from one of the existing plants, Indraneel D, location manager-Vadodara, and regional division manager, large motors and generators-India, MEA and Latin America at ABB India said that a new plant is being set up with an annual capacity of 1500 motors per annum at Vadodara to cater to future demand.

Currently, the Vadodara facility also manufactures traction motors for metros and Indian Railway locomotives while traction converter is manufactured and supplied from Bengaluru. However, the new facility will look to meet the growing demand from upcoming metro rail projects.

"In 2012, ABB India supplied 2,000 traction motors to Delhi metro. With new metro projects coming up across the country such as Pune, (demand for) traction motors is now picking up. We are putting up a new facility capacity of 1,500 traction motors per annum from Vadodara," said Indraneel.

[investyadnya]

Strong backlog execution and solid customer-connect led to positive momentum in revenue for ABB India | Q2 Fy22 Conference Call

Strong backlog execution and solid customer-connect led to positive momentum in revenue for ABB India | Q2 Fy22 Conference Call

Strong backlog execution and solid customer-connect led to positive momentum in revenue, Favourable mix & better margin orders shore up contribution, Increase in personnel expense on account of salary revision.Improved profitability Y-o-Y, margin growth supported by demand and better capacity utilizationProducts consists of 70% of revenues, services- 16%-20%, remaining is contributed by…

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ABB India opens new robotics facility in Bengaluru

ABB India opens new robotics facility in Bengaluru

ABB India on Friday announced opening of a new facility here that would enable it to deliver robotic applications and digital solutions for a variety of industries, including automotive, food & beverage, electronics and other upcoming sectors.

Spread over 3,600 sq.m at the ABB Nelamangala factory premises in Bengaluru, the robotics solutions facility houses a state-of-the-art shop floor…

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ABB India’s Q2 shows covid-19 stress as order inflows taper

ABB India’s Q2 shows covid-19 stress as order inflows taper

The industrial space endured a tough spell during the June quarter, and ABB Ltd is no exception. But while the firm reported lower revenue growth sequentially, sharp cost control measures kept up the bottom line against expectations of a loss in Q2. But that still did not keep the stock from getting hit, and it fell about 2% on Monday.

With ABB’s factories becoming operational somewhere in…

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ABB India’s Q2 shows covid-19 stress as order inflows taper

ABB India’s Q2 shows covid-19 stress as order inflows taper

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The industrial space endured a tough spell during the June quarter, and ABB Ltd is no exception. But while the firm reported lower revenue growth sequentially, sharp cost control measures kept up the bottom line against expectations of a loss in Q2. But that still did not keep the stock from getting hit, and it fell about 2% on Monday.

With ABB’s factories becoming operational…

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