Buy ABB India, target price Rs 5800: Motilal Oswal

Motilal Oswal has buy call on ABB India Ltd. with a target price of Rs 5800. The current market price of ABB India Ltd. is Rs 5333.8.

ABB India Ltd., incorporated in the year 1949, is a Large Cap company (having a market cap of Rs 112893.13 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 for the year ending 31-Dec-2022.



Financials
For the quarter ended 31-12-2023, the company reported a Standalone Total Income of Rs 2835.08 Crore, down -.38 % from last quarter Total Income of Rs 2846.01 Crore and up 13.54 % from last year same quarter Total Income of Rs 2496.92 Crore. Company reported net profit after tax of Rs 338.66 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 31-Dec-2023, while FIIs owned 10.72 per cent, DIIs 6.91 per cent.