ABB Plunges 5%; BSE CAPITAL GOODS Index Up 0.7%
Mon, 4 Aug 14:19
Image source: Kameleon007 /www.istockphoto.comABB share price has plunged 5% and is presently trading at Rs 5,088.6.
Meanwhile, the BSE CAPITAL GOODS index is at 68,321.0 (up 0.7%).
Among the top losers in the BSE CAPITAL GOODS index today are Thermax (down 5.2%) and Honeywell Automation (down 3.6%).
Bharat Electronics (up 3.0%) and Bharat Forge (up 2.6%) are among the top gainers today.
Over the last one year, ABB has moved down from Rs 7,891.2 to Rs 5,088.6, registering a loss of Rs 2,802.6 (down 35.5%).
On the other hand, the BSE CAPITAL GOODS index has moved down from 75,640.1 to 68,321.0, registering a loss of 9.7% during the last 12 months.
The top losers among the BSE CAPITAL GOODS index stocks during this same period were Siemens (down 58.0%), Carborundum Universal (down 46.5%) and ADANI GREEN ENERGY (down 46.4%).
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What About the Benchmark Indices?
The BSE Sensex is at 80,946.3 (up 0.4%).
The top gainers among the BSE Sensex today are Tata Steel (up 4.2%) and MUNDRA PORT & SEZ (up 2.7%). The most traded stocks in the BSE Sensex are Axis Bank and Tata Steel.
In the meantime, NSE Nifty is at 24,719.5 (up 0.6%). Tata Steel and Hero Motocorp are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved down from 81,741.3 to 80,946.3, registering a loss of 795.1 points (down 1.0%).
ABB Financial Update...
ABB net profit fell 20.5% YoY to Rs 3,521 million for the quarter ended June 2025, compared to a profit of Rs 4,426 million a year ago. Net sales rose 12.2% to Rs 31,754 million during the period as against Rs 28,309 million in April-June 2024.
For the year ended December 2024, ABB reported 50.2% increase in net profit to Rs 18,746 million compared to net profit of Rs 12,482 million during FY23. Revenue of the company grew 16.7% to Rs 121,883 million during FY24.
The current Price to earnings ratio of ABB, based on rolling 12 month earnings, stands at 60.0.
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