Shares of ABB India hit a new high of Rs 5,374.45 as they rallied 8 per cent on the BSE in Thursday's intraday trade, amid heavy volumes, in an otherwise weak market on strong business outlook.
In the past two trading days, the stock of the heavy electric equipment company has zoomed 19 per cent after the company's fiscal 2023 ended with a record-high performance, achieving its highest-ever quarterly revenues in the last five years.
In the past two trading days, the stock of the heavy electric equipment company has zoomed 19 per cent after the company's fiscal 2023 ended with a record-high performance, achieving its highest-ever quarterly revenues in the last five years.
At 10:24 am, ABB was quoting 6 per cent higher at Rs 5,294.25 as compared to 0.72 per cent decline in the S&P BSE