YES Securities has reinitiated coverage on ABB India, issuing a 'sell' rating driven exhaustion of government capex and delays in private investment recovery.
Companies such as ABB India, Fine Organics and Jupiter Hospitals delivered less-than-expected Q4 earnings. UPL beat the Street estimates, Thermax reported in-line results while Apollo Pipes clocked a mixed set of results.
Amid the rising volatility in the stock markets, domestic brokerage firm Kotak Institutional Equites has upgraded select capital goods including ABB India, Cummins India, Siemens and Thermax.
Multibagger stock: ABB India, which reported a mix set of number in the December 2024 quarter, has attracted some positive reports from the brokerage firms.
An analyst from Anand Rathi said that BHEL formed a bullish engulfing pattern near a support level, accompanied by RSI bullish divergence, signaling a potential trend reversal.
ABB India, a global leader in electrification, motion, process automation, and robotics, celebrates 75 years of innovation and sustainable solutions in India. Since 1949, ABB has been a key player in the country’s industrial transformation—powering progress, driving clean energy, and shaping the future of smart technologies. In this exclusive conversation, Morten Wierod, Global CEO of ABB, joins Siddharth Zarabi, Editor, Business Today, to reflect on ABB’s incredible journey in India and share the company’s vision for the next phase of growth. From advancing infrastructure to enabling a greener future, discover what lies ahead for ABB and its role in India’s evolving industrial landscape.
An analyst from StoxBox said that BHEL has been on a corrective trend and the stock is now displaying potential signs of a trend reversal, indicated by the formation of a double bottom breakout.
An analyst from Swastika Investmart said that ABB India has found a double top formation and shown a profit booking from the higher levels at around Rs 9,100-9,000.
Titagarh Rail shares gained 1.91% to Rs 1649.20 on BSE today against the previous close of Rs 1618.15 on BSE. Market cap of the firm rose to Rs 22,019 crore.
ABB India is witnessing exhaustion above Rs 6,750 level, suggesting hurdle for the current upward trend, said an analysts from Stoxbox.
Motilal Oswal remains positive on the company and has maintained a 'BUY' rating on the counter with a two-year forward price target of Rs 7,500