ABB India shares surge 10% on strong parent Q2 results
after close1 source ↓written by the desknot a recommendation
- to a record
- 10%
- ABB Global reached
- $12,042 million
- YoY
- 30%
- from India soaring
- 81%
- as investors anticipate
- 7%
ABB India shares jumped 10% to a record high of ₹7,924.50 on the NSE, following its parent’s impressive Q2 results. Order intake for ABB Global reached $12,042 million, up 30% YoY, with orders from India soaring 81%. This marks the largest single-day gain since May 2024, reflecting strong sector momentum.
• Siemens shares also gained 7% as investors anticipate robust capital spending trends.
• Trading volumes for ABB reached around 11 lakh shares today.
Not investment advice. For informational purposes only.