ABB India: Strong recovery reflects in the valuation
While recovery is swift, ABB India is expensive
August 02, 2021 / 10:08 AM IST
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
ABB India (CMP: Rs 1,684, Market Cap: Rs 35,681 crore), which caters to the industrial, power and mobility clients, has reported a strong overall growth in revenues and fresh order book during the quarter ended June 2021.
Moreover, the company indicated that the outlook remains good on the back of the recovery in economy, waning effect of the second wave of COVID-19 in June and a conducive environment for project execution.
Results at a glance
During the June quarter, the company...