ABB India falls as higher costs, fewer orders take bite out of profit
** Shares of ABB India ABB.NS slide 3% to 5,060 rupees, extending losses to a third straight session ** Engineering services firm ABB India posts a 7% drop in its Q3 profit, on higher expenses, fewer new orders ** Total expenses up 18% y/y ** Rev from its biggest segment, electrification, rose 19% ** ABB rated "hold" by 26 analysts on average; median PT is 5,500 rupees – data compiled by LSEG ** Stock down ~24% YTD (Reporting by Yagnoseni Das in Bengaluru) ((Yagnoseni.Das@thomsonreuters.com;))
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