ABB India Hits Record High, Jumps 10% on Parent’s Q2 Results
ABB India shares jumped 10% on Thursday, hitting a fresh 52-week high of Rs 7,924.50 on the NSE, after its parent’s strong Q2 results. ABB Global reported that its order intake for the quarter hit a record $12,042 million, up 30% from a year ago. But the real headline for... The post ABB India Hits Record High, Jumps 10% on Parent’s Q2 Results appeared first on Equitypandit.
ABB India shares jumped 10% on Thursday, hitting a fresh 52-week high of Rs 7,924.50 on the NSE, after its parent’s strong Q2 results.
ABB Global reported that its order intake for the quarter hit a record $12,042 million, up 30% from a year ago. But the real headline for Indian investors was buried inside that report.
Orders from the India region alone grew 81% year on year, a massive jump from the 26% growth seen in the previous quarter. For context on how big that number is, ABB India’s own order growth had been running at 25% just one quarter earlier.
An 81% jump is more than three times that pace. This is also the biggest single-day gain for the stock since May 2024. The rally wasn’t limited to ABB.
Shares of Siemens, another industrial equipment maker, also gained as much as 7% on Thursday before easing off those highs, as investors bet that strong capital spending trends could be lifting the whole sector.
Trading volumes tell their own story here. Around 11 lakh shares of ABB India had changed hands by late morning, way above the stock’s usual 20-day average of roughly 80,000 shares at that point in the day.
Big volume on a big move like this usually points to genuine buying interest rather than a quick, short-lived spike. Zooming out, ABB India has had a strong year already.
The stock is up close to 49% since January, even as the BSE Sensex has struggled. Some of that momentum carried into Wednesday too, when the stock gained 5% ahead of Thursday’s results-driven surge.
At 13:03 pm, ABB India shares were trading at Rs 7,693.00 on the NSE, up 6.78% for the day. The stock remains well below its all-time high of Rs 9,200, touched back in June 2024, but Thursday’s move has clearly put fresh wind behind it.
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The post ABB India Hits Record High, Jumps 10% on Parent’s Q2 Results appeared first on Equitypandit.
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