ABB Share Price: The stock of Engineering Services Company ABB India (ABB India) is seen doing flat business today after yesterday’s decline. The company recorded a profit of ₹ 528.4 crore annually in net profit in the fourth quarter ended December 31, 2024, with a profit of ₹ 528.4 crore, which was more than ₹ 338.7 crore in Q4Fy24. Revenue rose 22% to ₹ 3,364.9 crore during the quarter, which was ₹ 2,757.5 crore in a period of a year ago. The company releases its results according to the calendar year. The stock fell 0.27 percent or Rs 13.80 to trading at 5128 level at around 10.43 am today. Nomura and Jeffers have given the opinion of shopping on the stock.
Nomura has downed the rating on ABB. Brokerage has reduced the ratings to reduce the reduce rating. Brokerage has fixed its target of Rs 4,970. He says that softening in ordering is possible in the short term. In 4QCY24, the order was given 24% less than the inflow estimate. They have reduced EPS estimate 7/15% for CY25/CY26
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Jeffers has reduced the target on ABB. However, he has given the opinion of shopping on this. Brokerage has reduced the target of stock from Rs 9050 to Rs 7130. He says that the company had 13% higher than the EBITDA estimate on an annual basis and the margin increased by 3.54%. Margin has got support due to better pricing, revenue mix. Order flow growth in CY24 was just 6%. While Q4cy24 saw 14% growth. He reduced the income estimate of CY24-26 from 25% to 22%
UBS has given a neutral rating on ABB. Its target has been fixed at Rs 8450. In this, orders inflow have been seen less than rivals. The company’s electrification division performed well. The management is expected to do well in the high growth segment. The management is expected to end the softening in the order soon.
Nuama has given the opinion of shopping on ABB. Brokerage has set its target from Rs 8,900 per share to Rs 6,650 per share.
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