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ABB India: More pain in store

While ABB has recovered to the level of Rs 894 a share now, it is still one of the most costly stocks in the engineering space

July 29, 2020 / 12:03 PM IST
ABB India: More pain in store

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Jitendra Kumar Gupta Moneycontrol Research Highlights - Revenues and margins dropped significantly in June quarter - Outlook remains uncertain, order book provides low visibility - Earnings to drop in the coming quarters due to lockdown impact - Current valuations offer little room for appreciation ABB India (CMP: Rs 894, Mcap: Rs 18948 crore) is going through trying times. The pandemic has disrupted the supply chain of this engineering company, which has a leadership position in the domestic industrial and electrification market. With its customers yet to stabilise...

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