ABB India shares today surged more than 4% on Bombay Stock Exchange after the company reported a surge of 56.03% year-on-year (YoY) in it net profit to Rs 528.41 crore for the quarter ended December 2024 as against the net profit of Rs 338.66 crore declared in the corresponding quarter of last year. Current market price of ABB India shares on BSE is Rs 5467.80 per share. The company’s market cap is Rs 1,15,867.26 crore.
Meanwhile, the return on equity (ROE) stood at 29.51%. Shares of the company plunged 20.63% year-to-date when Sensex slipped 3.18%. However, in last 1-year, the stock witnessed rally of 21.63% when BSE Sensex logged surge of 5.49% and BSE capital goods index zoomed 2.65%. Check more details below:
ABB India Recommends Highest Ever Dividend
ABB India recommended highest ever dividend this year. The company on Feb 17, 2025 announced a final dividend of Rs. 33.50 per share (Rupees Thirty-Three and Fifty Paise only), i.e., (1,675%) on 21,19,08,375 Equity Shares of face value of Rs.2/- each fully paid up for the financial year ended December 31, 2024, subject to shareholders’ approval at the ensuing Annual General Meeting.”
ABB India Dividend History
The company recommended a total of 24 dividends since March 27, 2003. In last 1-year, it declared an equity dividend amounting to Rs 34.46 per share. It maintains a dividend yield of 0.63%.
ABB India Bonus Share History
It is worth noting that the company never recommended any bonus share till date.
How To Be Eligible For ABB India Dividend?
Record date remains significant in determining shareholders’ eligibility for dividend. Shareholders whose name appear in company’s record on the record date will receive dividend. Record date is the date when the firm finalises list of shareholders qualified for the company’s dividend distribution. In the case of ABB India, the record date for interim dividend is yet to be fixed.
ABB India Q4 Results
The declared its revenue for the quarter ended December 31, 2024 at Rs 3365 crore, up 22% as against Rs 2757 crore reported in the similar quarter of last year. Meanwhile, the profit before tax announced at Rs 705 crore for the quarter under review as against Rs 454 crore reported in the year ago quarter.
Commenting on the company’s performance, Sanjeev Sharma, Managing Director, ABB India said, “2024 has been another year of record high orders, revenue, and margins. This year, ABB India celebrates 75 years of manufacturing and Innovation in India, with an exhaustive production footprint, deep customer installed base and solid local supply chain. We continue to bring the best of global technology with local engineering and manufacturing for our customers and partners.”
ABB India Shares Performance
The 52-week high price of ABB India shares on BSE is Rs 9200.00 apiece (as on 18/06/2024) and 52-week low price is Rs 4449.60 apiece (as on 19/02/2024), respectively. ABB India shares slumped 16.97% in last 3-months, fell over 30% in last 6-months and witnessed gains of 75.41% in last 2-years. In last 3-years, the stock surged 166.00% and 355.49% in last 5-years.
Should You Buy ABB India Shares?
According to leading brokerage firm Anand Rathi, a buying opportunity is suggested for ABB shares within the range of Rs 5,000-Rs 5,200. The target for this trade is fixed at Rs 6,000, indicating a favourable risk-reward ratio. The analyst recommended a stop loss below Rs 4,650 on a daily closing basis as ABB India shares is nearing the completion of a bullish bat pattern near the Rs 4,900-5,150 level, which suggests a potential reversal zone. Meanwhile, the RSI is near oversold area, reflecting the likelihood of an upward bounce.
According to AR Ramachandran, SEBI registered Independent research analyst, “ABB stock price is bearish on the Daily charts with strong resistance at 5569. A Daily close below support of 5100 could lead to a target of 4758 in the near term.”
Disclaimer: The stock has been picked from the brokerage report of Anand Rathi and AR Ramachandran. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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