ABB India declines for fourth straight day on weak March quarter results

Shares of ABB India were trading lower for the fourth straight day, down 4 per cent at Rs 766 on the BSE on Tuesday as the company said it expects the results in the coming quarter to be impacted due to the loss of volumes.

The stock of the heavy equipment company was trading at its 52-week low level, falling below its previous low of Rs 795 touched on March 25, 2020. In the past four trading days, the stock has dipped 11 per cent, after revenues in March 2020 quarter (Q1CY20) declined by 17.7 per cent at Rs