ABB India up as Jefferies says strong order outlook to drive execution

ABB India

06/09/2023 06:55

** Shares of ABB India  ABB.NS  up as much as 2.23% at 4,540
rupees, logging highest level since Aug. 11 
    ** Jefferies says strong order outlook should ensure co's
execution remains in double digits 
    ** Energy efficiency requirements put ABB in a sweet spot
given electrification, motion and automation portfolio -
Jefferies 
    ** Brokerage sees 23% implied upside for the stock, rates it
"buy" with TP of 5,260 rupees  
    ** Mean recommendation of 28 analysts is "hold," median TP
4,261 rupees - LSEG data
    ** Stock surged ~68% YTD 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))