Buy ABB India, target Rs 1630.0 : Kotak Securities Limited

Kotak Securities Limited has a buy call on ABB India Ltd. with a target price of Rs 1630 .The current market price of ABB India Ltd. is 1554.3 Time period given by analyst is Intra Day when ABB India Ltd. price can reach defined target. Kotak Securities Limited recommended to keep stop loss at Rs 1490.0 .

ABB India Ltd., incorporated in the year 1949, is a Large Cap company (having a market cap of ₹ 32400.79 Cr.) operating in Electric Equipment sector.

ABB India Ltd. key Products/Revenue Segments include Others which contributed ₹ 2858.10 Cr to Sales Value (33.04 % of Total Sales), Switch Gear Items which contributed ₹ 2258.75 Cr to Sales Value (26.11 % of Total Sales), Electronic Control And Supply Units For Variable Speed Drives which contributed ₹ 1263.24 Cr to Sales Value (14.60 % of Total Sales), Transformers which contributed ₹ 814.21 Cr to Sales Value (9.41 % of Total Sales), Motors/Alternators/Generators which contributed ₹ 747.59 Cr to Sales Value (8.64 % of Total Sales), Erection & Other Services which contributed ₹ 573.67 Cr to Sales Value (6.63 % of Total Sales), Other Operating Revenue which contributed ₹ 105.80 Cr to Sales Value (1.22 % of Total Sales), Scrap which contributed ₹ 20.66 Cr to Sales Value (0.23 % of Total Sales), Commission which contributed ₹ 6.35 Cr to Sales Value (0.07 % of Total Sales)for the year ending 31-Dec-2016.

For the quarter ended 31-03-2017, the company has reported a Standalone sales of ₹ 2146.04 Cr., down -12.08% from last quarter Sales of ₹ 2440.95 Cr. and up 8.59% from last year same quarter Sales of ₹ 1976.29 Cr. Company has reported net profit after tax of ₹ 88.17 Cr. in latest quarter. The company’s CEO is Mr.Sanjeev Sharma. It's Board of Directors include Mr.B Gururaj, Mr.C P Vyas, Mr.Darius E Udwadia, Mr.Frank Duggan, Mr.G N V Subba Rao, Mr.Giandomenico Testi, Mr.Karthik Krishnamurthi, Mr.Madhav Vemuri, Mr.Nasser Munjee, Mr.Peter Stierli, Mr.Pitamber Shivnani, Mr.Raja Radhakrishnan, Mr.Ralph Schultheiss, Mr.Sanjeev Sharma, Mr.Subir K Pal, Mr.T K Sridhar, Mr.Tarak Mehta, Mrs.Renu Sud Karnad, Mr.B Gururaj. Company has its registered office at 2nd Floor,, East Wing, , Khanija Bhavan,, Bangalore, 560001, Karnataka. Company has BSR & Co. LLP as its auditors. As on 31-03-2017, the company has a total of 211,908,375 shares outstanding.