ABB India gains after strong Q4 results

ABB India

18/02/2025 04:18

** Shares of ABB India  ABB.NS  climb 3.9% to 5,447.6
rupees; on track to snap three-session losing streak 
    ** Engineering solutions firm's Q4 profit jumped ~56% y/y on
strong demand in its electrification and motion businesses
    ** The segments contribute 78% of total rev, which grew 22%
y/y 
    ** Co also recommended a final dividend of 33.5 rupees 
    ** Over 930,000 shares traded, 2.4x the 30-day avg 
    ** Peers Siemens  SIEM.NS , Cummins India  CUMM.NS  also
reported higher quarterly profit earlier in the month 
    ** ABB, SIEM, CUMM rated "hold" on avg - data compiled by
LSEG 
    ** Year-to-date, ABB, SIEM, CUMM down 21%, 25%, ~18%




 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))