ABB India falls after parent flags weak Q4 revenue growth

ABB India

18/10/2023 06:51

** Shares of ABB India  ABB.NS  fall 1.4% to 4,225.1 rupees
    ** Co's parent, Swiss engineering group ABB  ABBN.S  said it
anticipates low- to mid-single digit comparable revenue growth
in fourth quarter
    ** Adds, FY23 comparable rev growth will likely be in low
teens
    ** Analysts covering ABB India on average have a "hold"
rating; median PT is 4,300 rupees - LSEG data
    ** Stock up 59% YTD 

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))