UBS upgrades ABB India to 'buy' on improving short‑cycle demand; shares rise

ABB India

13/03/2026 04:47

** Shares of ABB India ABB.NS rise as much as 2.3% to 6,554 rupees

** UBS upgrades ABB to "Buy" from "Neutral" with raised the PT to 8,030 rupees from 6,050 rupees

** Sees short‑cycle demand improving, supported by GDP growth, manufacturing capex, and easing supply‑chain bottlenecks

** Says market underestimates co's ability to tap a larger total addressable market in electrification, automation and motion segments

** Strong visibility from industrial and energy efficiency spend, plus structural demand from data centres, railways, metro, and renewables to help co - UBS

** Analysts have a "hold" rating on avg; median PT is 5,890 rupees - data compiled by LSEG

** YTD, ABB up ~25%

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))