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ABB India surges 8% to record high on upgrades, target price hikes by brokerages

ABB India s net profit of Rs 345 crore for the quarter ended December 2023 grew 13 percent on-year. Its revenue grew 14 percent to Rs 2,757 crore, with order intake increasing by 35 percent YoY to Rs 3,147 crore. ....

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Order inflow excites ABB India investors but margin risks loom

Large project orders have risen to 15% of the 2023 order book from 7-8% in 2022, raising concerns due to their lower gross margins and extended execution times compared to short-cycle product orders ....

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