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Emkay Global has given a sell rating to ABB India with a target price of Rs 794. The share price moved down by 0.35 per cent from its previous close of Rs 867.60. The stock’s last traded price is Rs 864.60.
ABB India Ltd., incorporated in the year 1949, is a Large Cap company (having a market cap of Rs 18457.22 Crore) operating in Engineering sector.
Investment Rationale
The brokerage expects gradual resumption of sales for ABB, though private capex is yet to pick up and that is likely to hurt a full recovery. Key things to watch out for: Order inflow trends and commentary on medium-term outlook
Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of June 30, 2020, while FIIs held 3.8 per cent, DIIs 11.1 per cent and public and others 10.2 per cent.
ABB India Ltd., incorporated in the year 1949, is a Large Cap company (having a market cap of Rs 18457.22 Crore) operating in Engineering sector.
Investment Rationale
The brokerage expects gradual resumption of sales for ABB, though private capex is yet to pick up and that is likely to hurt a full recovery. Key things to watch out for: Order inflow trends and commentary on medium-term outlook
Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of June 30, 2020, while FIIs held 3.8 per cent, DIIs 11.1 per cent and public and others 10.2 per cent.
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