Buy ABB India Ltd; target of Rs 1823: KRChoksey

KRChoksey is bullish on ABB India Ltd has recommended buy rating on the stock with a target price of Rs 1823 in its research report dated January 16, 2018.

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January 24, 2018 / 11:55 IST

26 Aug, 2025 12:21

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KRChoksey' research report on ABB India Ltd

Incorporated in 1988 through the merger of ASEA (1883) of Sweden and Brown Boveri & Cie (1891) of Switzerland, ABB is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids. The company serves customers in utilities, industry and transport & infrastructure globally while being at the forefront of industrial digitsation, energy and fourth industrial revolutions. The company boasts of a prestigious clientele including PGCIL, ONGC, SAIL, IOCL, NTPC, Biocon, Kansai Nerolac and so on. ABB has 40 factories, 10 manufacturing locations and 22 sales & marketing offices in India with exports to over 100 countries. ABB’s order book stands at INR 121.30 bn (as of Sep 29, 2017) translating into a book-to-bill ratio of ~1.3x ttm.

Outlook

We have arrived a target price of INR 1,823, an upside potential of 21%. We have ‘BUY’ rating on the stock.For all recommendations report, click here

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