ABB India inches up on reporting 20% jump in Q1 net profit

ABB India is currently trading at Rs. 835.00, up by 0.30 points or 0.12% from its previous closing of Rs. 834.70 on the BSE. The scrip opened at Rs. 839.90 and has touched a high and low of Rs. 850.75 and Rs. 827.65 respectively. So far 12494 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 869.90 on 02-Apr-2014 and a 52 week low of Rs. 448.10 on 30-Aug-2013. Last one week high and low of the scrip stood at Rs. 860.05 and Rs. 811.00 respectively. The current market cap of the company is Rs. 17659.38 crore. The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 16.60% and 8.40% respectively. The company has posted a rise of 20.01% in its net profit at Rs 51.68 crore for the quarter ended March 31, 2014 as compared to Rs 43.06 crore for the same quarter in the previous year. However, total income of the company has decreased by 7.75% at Rs 1828.84 crore for quarter under review as compared to Rs 1982.61 crore for the quarter ended March 31, 2013. ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs more than 150,000 people.