Book some profits in ABB: Jagannadham Thununguntla

Jagannadham Thununguntla, Head of Research at SMC Global Securities told CNBC-TV18, "It makes senses to book some profits in ABB and even the Nifty maybe finding some resistance. It’s a matter of times, some profits booking may come at the overall broad market as well as in some stocks."

At 15:01 hrs ABB was quoting at Rs 1,145.20, down Rs 2.60, or 0.23 percent.

The company's trailing 12-month (TTM) EPS was at Rs 9.25 per share. (Jun, 2014). The stock's price-to-earnings (P/E) ratio was 123.47. The latest book value of the company is Rs 126.35 per share. At current value, the price-to-book value of the company was 9.04. The dividend yield of the company was 0.26 percent.