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Buy ABB India; target of Rs 3635: ICICI Direct

ICICI Direct is bullish on ABB India recommended buy rating on the stock with a target price of Rs 3635 in its research report dated November 16, 2022.

November 30, 2022 / 03:47 PM IST
 
 
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ICICI Direct's research report on ABB India

ABB India (ABB) is a leader in technology solutions connecting software to its electrification, robotics, automation and motion portfolio. It operates in mainly three key segments including robotics & motion (41%), electrification (38%), industrial/ process automation (22%) • Well placed to gain from the overall energy market transformation from electrification to automation & digitization.

Outlook

We remain long term positive and retain our BUY rating on the stock. We value ABB at Rs 3635 (70x on CY24E EPS).