ABB India Limited up by 6.64 percent | Espresso

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Espresso Shot of the Day - ABB India Ltd up by 6.64 percent

July 06, 2022
Espresso Shot of the Day - ABB India Ltd up by 6.64 percent

ABB India Ltd 2518.85 (+6.64%) BSE – INE117A01022 | 6th  July 2022

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ABB is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation, and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by roughly 105,000 talented employees in over 100 countries.


Recent Drivers

  • On June 30th 2022, ABB said that it has partnered with Think Gas, a city gas distribution company for automation of operations across Think Gas’ gas network, which includes many remote terminals spread across multiple locations.
  • ABB on 25th May 2022 said its e-mobility division has agreed to acquire a controlling stake in Numocity, a digital platform for electric vehicle (EV) charging in India.
  • The above acquisition was part of ABB E-mobility’s overall growth strategy and would significantly improve its focus on setting up charging solutions for two and three-wheelers, cars and light commercial vehicles across India.
  • On May 5th 2022, the Company reported a quarterly Net Profit of Rs.373.07 crores in March 2022, up 163.97% from Rs.141.33 crores in March 2021.
  • On May 5th 2022, the Company reported Net Sales at Rs 1,968.37 crores in March 2022, up 20.82% from Rs.1,629.15 crores in March 2021.
(Sources: BSE, Money control, Economics Times, the Hindu)


Technical Force*

  • S&P BSE 200 month till date gain by 1.86
  • 3 months avg. NSE volume:2,71,085
  • Quantity traded: 32,634 | Deliverable quantity: 9,851 (30.19%)
  • Stock price jumped by 50 % from a one-year low level: 1619.30 (Aug 11, 2021)
  • Daily RSI (14) is near overbought territory today
  • 52-week-high: 2532.55| 52-week-low: 1619.30


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

3821.03

3095.52

2665.18

1939.67

1509.33

783.82

353.48

-

Fibonacci Pivot

3095.52

2653.98

2381.20

2205.51

1939.67

1673.82

1498.13

1225.35

783.82


Today’s Close

2518.85

SMA

BSE

10 DAY

2329.11

20 DAY

2299.58

50 DAY

2276.46

200 DAY

2153.34


Some Key Ratios (Source: BSE)

Market Cap:  53,376.54 Crores

PE:  71.03

OPM%: 26.34

ROE%:  18.58

Promoters holding%: 75

Prev. Close:  2362.00


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Private Ltd. is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.