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ABB Gains 3%; BSE CAPITAL GOODS Index Up 1.4%
Fri, 9 Aug 9:20

ABB Gains 3%; BSE CAPITAL GOODS Index Up 1.4%Image source: DNY59/www.istockphoto.com

ABB share price has zoomed 3% and is presently trading at Rs 8,189.9.

Meanwhile, the BSE CAPITAL GOODS index is at 72,573.0 (up 1.4%).

Among the top gainers in the BSE CAPITAL GOODS index today are HINDUSTAN AERO. (up 2.0%) and Bharat Forge (up 1.9%).

SCHAEFFLER INDIA (down 1.3%) and Lakshmi Machine (down 1.0%) are among the top losers today.

Over the last one year, ABB has moved up from Rs 4,527.4 to Rs 8,189.9, registering a gain of Rs 3,662.5 (up 80.9%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,182.8 to 72,573.0, registering a gain of 68.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 212.8%), HINDUSTAN AERO. (up 153.7%) and Bharat Electronics (up 135.2%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,984.2 (up 1.4%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 2.2%) and M&M (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,346.8 (up 1.0%). Eicher Motor and ONGC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,984.2, registering a gain of 14,030.8 points (up 21.3%).

ABB Financial Update...

ABB net profit grew 49.6% YoY to Rs 4,426 million for the quarter ended June 2024, compared to a profit of Rs 2,958 million a year ago. Net sales rose 12.8% to Rs 28,309 million during the period as against Rs 25,086 million in April-June 2023.

For the year ended December 2023, ABB reported 21.7% increase in net profit to Rs 12,482 million compared to net profit of Rs 10,256 million during FY22. Revenue of the company grew 21.9% to Rs 104,465 million during FY23.

The current Price to earnings ratio of ABB, based on rolling 12 month earnings, stands at 107.8.

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