Buy ABB India, target price Rs 3350: JM Financial

JM Financial has buy call on ABB India with a target price of Rs 3350. The current market price of ABB India Ltd. is Rs 3054.9.
ABB India Ltd., incorporated in the year 1949, is a Large Cap company (having a market cap of Rs 64668.08 Crore) operating in Engineering sector.

ABB India Ltd. key Products/Revenue Segments include Switch Gear Items, Motors/Alternators/Generators, Others, Electronic Control And Supply Units For Variable Speed Drives, Erection & Other Services, Other Operating Revenue, Scrap, Commission for the year ending 31-Dec-2021.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2123.15 Crore, up 5.50 % from last quarter Total Income of Rs 2012.46 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 145.67 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 30-Sep-2022, while FIIs owned 3.53 per cent, DIIs 11.78 per cent.