ABB India rose 0.83% to Rs 1,367.70 at 10:51 IST on BSE after net profit rose 18.17% to Rs 83.39 crore on 7.28% fall in total income to Rs 1953.12 crore in Q3 September 2017 over Q3 September 2016.
The result was announced after market hours yesterday, 24 October 2017.Meanwhile, the S&P BSE Sensex was up 273.84 points, or 0.84% to 32,881.18.
On the BSE, 9,328 shares were traded in ABB India counter so far, compared with average daily volumes of 11,462 shares in the past one quarter. The stock had hit a high of Rs 1,390.05 and a low of Rs 1,335 so far during the day. The stock had hit a 52-week high of Rs 1,619.45 on 10 May 2017. The stock had hit a 52-week low of Rs 950 on 9 November 2016.
The stock had underperformed the market over the past one month till 24 October 2017, falling 5.08% compared with 3.10% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 6.11% as against Sensex's 0.69% rise. The scrip had, however, outperformed the market in past one year, gaining 25.37% as against Sensex's 16.08% rise.
The large-cap company has equity capital of Rs 42.38 crore. Face value per share is Rs 2.
ABB is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. ABB Group holds 75% stake in ABB India as per the shareholding as on 30 September 2017.
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