ABB shares of electrification and automation are rise high to 4% on 18 Feb. ABB Share Price open the gap up to Rs 5,470 and gained to reach intra-day high of Rs 5,511 on BSE. It is a 5.14 % gain against the previous close of Rs 5,241.20. Last seen, the stock is held in green and was traded at Rs 5,400
ABB Share Price rises to 4%
ABB India is a constituent of BSE 200. Its board has suggests dividend of Rs 33.50 per share with Rs 2 each face value. It is an addition to the interim dividend of Rs 10.66 per share declared in Q2 CY2024 (April-June 2024)
The surge in share price was released after the company posted a more than 54% year-on-year rise in net profit at Rs 532 crore in the December quarter. The firm have a net profit of Rs 345 crore in the quarter that ended December 2023, a statement said. The profits increased to Rs 3,365 crore in the reporting quarter from Rs 2,757 crore in the same period a year ago. The Total orders in the quarter dipped to Rs 2,695 crore in the quarter from Rs 3,147 crore a year ago.
History in India Share Market
The ABB Share Price have given a 17.33 % return in 1 year and 69.22 % in 2 years. It gives a multi-bagger return of 156.61 % in 3 years. The market cap of the agency is Rs 28,314.93 crore. The 52-week high of the stock is Rs 9,200, and the 52-week low is Rs 4,449.60
The benchmark indices Sensex and Nifty decline the early trade on Tuesday. It uninterrupted foreign fund outflows and hit investors’ sentiments. After a day’s breather, the 30-share Sensex rejects 201.44 points to 75,795.42 in early trade. The NSE dipped 82.65 points to 22,876.85
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