ABB India jumps after strong Q4 outcome

ABB India surged 6.94% to Rs 632 at 12:23 IST on BSE, after net profit surged 249.37% to Rs 58.59 crore on 5.72% rise in total income to Rs 2204.56 crore in Q4 December 2013 over Q4 December 2012.

The result was announced during market hours today, 18 February 2014.

Meanwhile, the S&P BSE Sensex was up 183.88 points, or 0.9%, to 20,647.94

On BSE, 1.92 lakh shares were traded in the counter compared with average volume of 27,711 shares in the past one quarter.

The stock hit a high of Rs 638 and a low of Rs 592 so far during the day. The stock hit a 52-week high of Rs 720.20 on 5 December 2013. The stock hit a 52-week low of Rs 448.10 on 30 August 2013.

The large-cap company has an equity capital of Rs 42.38 crore. Face value per share is Rs 2.

The stock had underperformed the market over the past one month till 17 February 2014, falling 7.5% compared with the Sensex's 2.85% fall. The scrip had, however, outperformed the market in past one quarter, gaining 1.4% as against Sensex's 0.32% rise.

ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries.

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