Reduce ABB India, target price Rs 2420: HDFC Securities

HDFC Securities has reduce call on ABB India with a target price of Rs 2420. The current market price of ABB India Ltd. is Rs 3165. Time period given by analyst is one year when ABB India Ltd. price can reach defined target.

ABB India Ltd., incorporated in the year 1949, is a Large Cap company (having a market cap of Rs 66632.47 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-Jun-2022, while FIIs owned 3.53 per cent, DIIs 8.6 per cent.