Motilal Oswal has buy call on India with a target price of Rs 1565. The current market price of ABB India Ltd. is Rs 1388.05.
ABB India Ltd., incorporated in the year 1949, is a Large Cap company (having a market cap of Rs 29588.77 Crore) operating in Engineering sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 1715.13 Crore, up 5.08 % from last quarter Total Income of Rs 1632.27 Crore and down -13.89 % from last year same quarter Total Income of Rs 1991.74 Crore. Company reported net profit after tax of Rs 57.56 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of June 30, 2020, while FIIs held 3.8 per cent, DIIs 11.1 per cent and public and others 10.2 per cent.
