Accumulate ABB, target Rs 1,540: Nandish Shah

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26 Aug, 2025 12:21

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Nandish Shah
HDFC Securities

ABB has been one of the outperformers during the month of September where it gained by 8 percent while the BSE Capital good Index has fallen by 10 percent.

The stock is trading above its 5 and 20-days simple moving averages which indicates that the primary trend is positive for the stock.

The stock price is taking support around its 200-days SMA in the last few days. We believe that the recent correction in the stock price is a running correction in the overall uptrend which is a good buying opportunity.

Therefore, we recommend investors to accumulate ABB in the range of Rs 1,390-1,423 for the upside target of Rs 1,540, and a stop loss placed below Rs 1,360.