ABB India rises on beating Q2 profit estimates

ABB India

09/08/2024 06:34

** Shares of engineering services firm ABB India  ABB.NS 
rise as much as 4% to 8,263.75 rupees
    ** Co reported June-quarter profit of 4.43 billion rupees
($52.8 mln), beating analysts' estimates of 4.07 bln rupees
    ** Over 680,000 shares change hands by 10:54 a.m. IST,
marking most active trading session in at least 13 sessions
    ** Stock has gained in five of the seven months till July,
so far this year
    ** Avg rating of 23 brokerages is a 'hold;' median PT is
7,484 rupees - LSEG data
    ** Stock last up 2.3%, taking YTD gains to 73.6%


($1 = 83.8950 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))