ABB India shares rise 10% on strong Q2 earnings
pre-market1 source ↓written by the desknot a recommendation
- share price surged
- 9.99%
- ₹5,547.50
- increasing
- ₹3,310.72 cr
- YoY
- ₹2,097.85 cr
- soaring
- ₹409.04 cr
ABB India's share price surged 9.99% to ₹5,547.50, hitting the upper circuit limit. This rally follows the release of its Q2 financial results, with consolidated revenue increasing to ₹3,310.72 cr from ₹2,097.85 cr YoY, and net profit soaring to ₹409.04 cr from ₹145.67 cr. However, the rapid price appreciation raises questions about valuation sustainability in the current market landscape.
Not investment advice. For informational purposes only.