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ABB India hits 6-month high; stock up 18% in one week

ABB India was trading higher for the fifth straight day, rallied 7% at Rs 1,474, its highest level since March 7, 2018.

ABB
ABB

Shares of ABB India were trading higher for the fifth straight day, up 6% at  Rs 1,474 on the BSE in an otherwise range-bound market on the back of heavy volumes. The stock of power and automation technology firm hit its 6-month high has surged 18% as compared a to 1.5% decline in the S&P BSE Sensex. It was trading at its highest level since March 7, 2018. ABB Chief Executive Ulrich Spiesshofer met Prime Minister Narendra Modi and discussed how the company can help accelerate the transition of public transportation to electric power, the company said Saturday. The meeting ...