Buy ABB India, target Rs 1384: Dharmesh Shah

Dharmesh Shah of ICICI Direct has a buy call on ABB India Ltd. with a target price of Rs 1384.0 . The current market price of ABB India Ltd. is Rs 1310.8 Time period given by the analyst is Intra Day when ABB India Ltd. price can reach defined target. Dharmesh Shah recommended to keep stoploss at Rs 1262 . ABB India Ltd., incorporated in 1949, is a largecap company with a market cap of Rs 27776.95 crore.

ABB India Ltd. key Products/Revenue Segments include Others which contributed Rs 3088.13 Crore to Sales Value (32.93 % of Total Sales), Switch Gear Items which contributed Rs 2552.59 Crore to Sales Value (27.22 % of Total Sales), Electronic Control And Supply Units For Variable Speed Drives which contributed Rs 1272.08 Crore to Sales Value (13.56 % of Total Sales), Transformers which contributed Rs 892.29 Crore to Sales Value (9.51 % of Total Sales), Motors/Alternators/Generators which contributed Rs 772.77 Crore to Sales Value (8.24 % of Total Sales), Erection & Other Services which contributed Rs 671.34 Crore to Sales Value (7.16 % of Total Sales), Other Operating Revenue which contributed Rs 97.62 Crore to Sales Value (1.04 % of Total Sales), Scrap which contributed Rs 22.83 Crore to Sales Value (0.24 % of Total Sales), Commission which contributed Rs 5.45 Crore to Sales Value (0.05 % of Total Sales)for the year ending 31-Dec-2017.

For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 2489.61 Crore, down -7.13 % from last quarter Sales of Rs 2680.64 Crore and up 32.14 % from last year same quarter Sales of Rs 1884.08 Crore Company has reported net profit after tax of Rs 108.34 Crore in latest quarter. The company’s top management includes Mr.Darius E Udwadia, Mr.Jean Christophe Deslarzes, Mr.Nasser Munjee, Mr.Sanjeev Sharma, Mr.Tarak Mehta, Mrs.Renu Sud Karnad. Company has BSR & Co. LLP as its auditoRs As on 30-09-2018, the company has a total of 211,908,375 shares outstanding.