ABB India Q1 Results Date of 2024, ABB India is in power sector with having more than 92,000 market cap currently company’s stock was trading at very high P E ratio of 100 which is not sustainable.
Company provide automation and power service to customers. Their most revenue come from electrification, then motion, industrial automation contribute 21 percent.
Future focus of company on Renewables, Water & Wastewater, Warehousing and Logistics . Company also place their foot in online e-commerce business.
ABB India Q1 Results Date 2024
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We wish to inform you that the meeting of Board of Directors of the Company is scheduled to be held on August 11, 2023, inter alia, to consider the Un-audited Financial Results for the quarter ending June 30, 2023.
The trading window for dealing in the securities of the Company will be remain closed for all directors / designated employees of the Company from June 15, 2023 to August 13, 2023 (both days inclusive).
Will ABB India Share Rally Continue ?
ABB India share break its resistance of 3,450, within one months stock gain 26 percent returns and go to 4,350. Stock consolidated from last 246 days and give breakout from 3,450 levels.
Company split stock once in 2007 in 5:1 ratio. company generate revenue of 2,411 in march quarter 2023 and net profit of 245.
Net profit was down from last years same quarter and december quarter also. Net profit was grown by 4x in 11 years.
Currently stock trading at very high pe ratio and stock also rally from 3,450 to 4,450 levels so stock need to take pause if results beat estimates then stock will again rise.