Stock hits upper circuit on strong Q4 performance: Know more here!
The stock has experienced significant buying activity, yielding multibagger returns of more than 107 per cent in the last one year.
Today, the shares of ABB India Limited touched an upper circuit of Rs 7900.35 apiece on BSE, with the company's current market capitalization standing at Rs 1,69,183.41 crore.
Stock performance:
On Monday, the stock opened at Rs 7555, with the previous closing being Rs 7182.15. The 52-week high and low are Rs 8,025 and Rs 3,810, respectively as per BSE.
Recent Development - Q4FY24 Highlights:
- Orders surged to Rs 3,607 crore, marking the highest first-quarter figure in five years. This growth reflects the success of our diversified portfolio in capturing various market cycles.
- Revenue experienced a solid 28 per cent year-on-year increase, showcasing strong growth momentum.
- Pre-tax profit before exceptional items reached a record high of 20 per cent, with post-tax profit up by 87 per cent year-on-year.
The surge in orders was driven by our electrification & process automation divisions, compensating for temporary sluggishness in motion and robotics & discrete automation segments due to customer decision delays. Market growth was particularly strong in data centers, smart buildings, expansion in tier 2 & 3 cities, energy, and logistics sectors.
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About the Company:
ABB India Limited is a comprehensive power equipment manufacturer that provides a full spectrum of engineering products, solutions, and services in the fields of automation and power technology.
Business Development:
In terms of segment breakdown, ABB India Limited's operations are divided as follows: electricity accounts for 40.56 per cent, motion for 32.83 per cent, process automation for 22.64 per cent, robotics for 3.87 per cent. Zooming out to geographical spread, the company's focus is primarily on India, representing 90 per cent of its operations, while the rest of the world comprises the remaining 10 per cent.
Furthermore, the stock has experienced significant buying activity, yielding multibagger returns of more than 107 per cent in the last one year.
Disclaimer: The article is for informational purposes only and not investment advice.