ABB India gains on quarterly profit rise
03/08/2026 06:42
BUZZ-ABB India gains on quarterly profit rise ** Shares of ABB India rise 1.7% to 7,407 rupees
** Electrical equipment maker reports June-quarter consol net profit increase of 2.8% Y/Y to 3.62 billion rupees ($38.04 million)
** Consol total revenue from operations rises 21% Y/Y in the quarter
** Stock rated "sell" on average by 27 analysts; median PT is 6,500 rupees - LSEG compiled data
** Stock up 43.2% YTD
($1 = 95.1675 Indian rupees)
(Reporting by Payel Das in Bengaluru)