ABB India gains; Motilal Oswal sees higher inflows in few quarters

ABB India

16/04/2025 08:30

** ABB India ABB.NS rises 2.6% to 5,381 rupees

** Stock set for third straight session of gains since releasing annual report on April 9, gaining 7% during the period; April 10 and April 14 were market holidays

** Motilal Oswal says engineering products maker's FY25 annual report highlights focus on high-growth segments and deeper penetration in tier-II cities

** Expect inflows and project ramp-ups after a few quarters

** Re-iterates "buy", with PT of 6,700 rupees

** Stock rated "buy" on avg; median PT is 6,224 rupees, per data compiled by LSEG

** YTD, ABB loses 22%

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))