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ABB India Ltd fell for a fifth straight session today. The stock is quoting at Rs 5059, down 0.66% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.4% on the day, quoting at 24624.55. The Sensex is at 80672.42, down 0.43%.ABB India Ltd has eased around 13.43% in last one month.Meanwhile, Nifty Energy index of which ABB India Ltd is a constituent, has eased around 4.57% in last one month and is currently quoting at 34923.45, down 0.18% on the day. The volume in the stock stood at 4.39 lakh shares today, compared to the daily average of 4.2 lakh shares in last one month.
The benchmark August futures contract for the stock is quoting at Rs 5082, down 0.52% on the day. ABB India Ltd tumbled 32.24% in last one year as compared to a 2.63% rally in NIFTY and a 17.92% fall in the Nifty Energy index.
The PE of the stock is 57.12 based on TTM earnings ending March 25.
ABB India today celebrated 30 years of its listing on the National Stock Exchange (NSE) with a ceremonial bell-ringing event at NSE Mumbai.
Listed on February 8, 1995, ABB India has evolved from a traditional electrical equipment and engineering firm into a future-ready electrification and automation technology leader. Over the past three decades, the company has consistently delivered strong financial performance and shareholder value. A lot of 100 shares purchased at listing for Rs 8,883 is now worth over Rs 608,050, reflecting a 6,745% increase, excluding dividends.
“This is a landmark year for ABB India,” said Sanjeev Sharma, Country Head and Managing Director, ABB India. “Following 75 years of manufacturing and innovation in the country, we are now proud to celebrate three decades as a listed entity on the NSE. Over the years, we have successfully navigated market cy cles, embraced digital transformation, and remained committed to delivering high-performance, sustainable solutions, all while staying true to our core belief of being ‘Engineered to Outrun'. We have not only empowered industries to outrun leaner and cleaner but have also walked the talk in making our own operations resource-efficient and sustainable. As India enters a new era of modern infrastructure, digitalization, and energy transition, ABB is proud to play a role that shapes the future of the country.”