ABB Shift Due To Pressure On Margins

Meanwhile, the BSE Sensex fell by 193.67 points or 1.14% at 16,740.16.

On BSE, 9067 shares changed hands on the counter in front of an average daily volume of 13,085 shares in the last quarter.

The action peaked at 838.05 rupees and a minimum of Rs 820 so far during the day. The action touched a low of 595.80 rupees 52 weeks of February 10, 2011. The share reached a maximum of 52 weeks of 974.90 rupees September 29, 2010.

The stock has outperformed the market over the past one month, until September 16, 2011, the surge of 8.35% compared to Sensex’s 1.21% gain. Scriptures were also outperformed the market last quarter, falling 0.41% against 5.85% in Sensex fall.

The engineering firm has a large cap equity of Rs 42.38 crore. The nominal value per share is second RS

Husain was also quoted as saying by the media that the Swiss parent, ABB, has no plans to increase its stake in Indian group. The Swiss parent company owned 75% of the company at 30 June 2011.

ABB’s net income increased by 1.01% to Rs 38.72 crore on 17.03% rise in sales to RS 1693.04 crore in the second quarter, in June 2011 during the Second Quarter June 2010. The benefits of focusing on costs helped to reduce the impact on margins due to the external environment characterized by intense competition, low market prices and higher input costs, ABB said at the time of ‘Q2 results are announced.

The order backlog stood at 8.415 million rupees R ABB At June 30, 2011, which is 1.34 times the net sales of R 6287.12 crore for the year ended December 2010, giving high visibility income.

Commenting on the results, Bazm Hussein, he said, the long-term view remains positive, mainly motivated by the growing need for reliable energy solutions, the sustainable and efficient industrial productivity and efficiency of buildings. ABB is uniquely positioned to deliver these solutions. However, high inflation and interest rates rose created uncertain market conditions resulting in delays in many major investment plans. We focus our efforts on operational excellence, manufacturing footprint and management talent to maintain our competitiveness in the long run.


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