Espresso shot of the day – ABB India Limited up by 6.63 percent

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Espresso shot of the day – ABB India Limited up by 6.63 percent

October 28, 2021
Espresso shot of the day – ABB India Limited up by 6.63 percent

ABB INDIA LIMITED. 1985.95  (+6.63%) BSE – INE117A01022 | 28TH OCTOBER 2021


ABB is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, about 110,000 talented employees in over 100 countries drive ABB’s success.

Recent Drivers

  • On Oct 28, 2021, the company has announced that it has moved its corporate and business office to an integrated, sustainable, and digitalized facility within its own Peenya campus in Bangalore.
  • On Oct 27, 2021, the company reported profit of Rs 119.97 crores.
  • On Oct 27, 2021, the company reported sales of Rs 1778.39 crores.
  • On Oct 13, 2021, JSW, one of India’s largest private sector steel companies, set up the world’s longest conveyor system at one of their plants in Bellary, Karnataka. ABB India has been commissioned to provide complete electrification, drives & automation solutions for this conveyor system.
  • On Sep 30, 2021, the company launched the world’s fastest electric car charger which can charge 4 vehicles at once and fully charge any vehicle in 15 mins.
  • On Sep 29, 2021, ABB improved the quality and lowered production costs for Tata Steel plant in Jamshedpur by installing two ABB electromagnetic brake systems (EMBR) at its flagship plant.
  • On Sep 7, 2021, the company announced that its drives are playing a key role in the clean room infrastructure of Bharat Biotech.
(Sources: The Economic Times, Business Line, Business today, Business Standard )

Technical Force*

  • S&P BSE 200 month till date gain up by -1.92%
  • Traded on new 52 Week High Value 2000.00
  • 3 months avg. NSE volume: 1,67,432
  • Quantity traded: 44,917 | Deliverable quantity: 23,986 (53.40%)
  • Stock price has jumped more than 120 % from one-year low level: 869.00 (Nov 02, 2020)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 2000.00 | 52-week-low: 869.00


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 2197.83

1804.82

1508.48

1115.47

819.13

426.12

129.78

    -

Fibonacci Pivot

1804.82

1541.48

1378.80

1274.02

1115.47

956.92

852.13

689.45

426.12


Today’s Close

1985.95

SMA

BSE

10 DAY

1864.42

20 DAY

1858.59

50 DAY

1845.19

200 DAY

1608.77


Some Key Ratios (Source: BSE)

Market Cap: 42,083.94 crores

PE: 108.17

OPM%: 10.89

ROE%: 10.44

Promoters holding%: 75.00

Prev. Close: 1862.50


*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.