Total revenue of the firm rose to Rs 1,425 crore in the quarter from Rs 986 crore a year ago.
"Valuations for consumption stocks now appear stretched while the industrials sector still trades at historical averages," wrote Amish Shah of BofA Securities
Ola's factory will create 10,000 jobs and serve as the company's global manufacturing hub for India and international markets
Ola's electric scooter factory will have an initial annual capacity of around 2 million units and will create around 10,000 jobs
ABB India on Wednesday reported over 4 per cent decline in its net profit to Rs 62 crore for December quarter
A focus on localisation and increase of duties in select sectors are also expected to boost manufacturing across sectors.
ABB India Limited posted a net profit of Rs 85 crore for the July-September quarter of 2020-21, a company statement said here on Thursday
Sales declined 7.17% to Rs 1600.11 crore i
Companies say mechanisation is here to stay even in the post-pandemic world
The stock of ABB has maintained a good base near 890 levels and has picked up momentum to improve the bias
Its net profit had stood at Rs 60.66 crore in the corresponding period a year ago, according to a BSE filing
Coping with Covid: Shorter credit-cycle deals, bank guarantees on pro-rata basis the new norm
In a Q&A, the firm's MD says export orders remain steady, and the company is focusing on reduction of discretionary expenses, high cash collection and limited critical business investments
Engineering major ABB India on Friday said that it has opened a new robotics facility to support the digital transformation of manufacturing in India.
Increased need for automation may help firm rebound faster than peers
The stock of ABB has made a higher bottom formation pattern taking support near 776 levels and has picked up with momentum to improve the bias
The stock of the heavy equipment company was trading at its 52-week low level.
Shareholders of ABB India who are holding equity shares as on the record date are entitled for one equity of APPSIL for every five equity shares held in the Company.
Given that the sale of it power grid unit to Hitachi may conclude by mid-CY20, it allows for another round of gains for ABB India's shareholders as the finer details of the deal will emerge by then
September quarter witnessed improvement in profitability, while business predictability took a knock