ABB India is currently trading at Rs. 1220.00, up by 47.80 points or 4.08% from its previous closing of Rs. 1172.20 on the BSE.
The scrip opened at Rs. 1170.00 and has touched a high and low of Rs. 1235.00 and Rs. 1170.00 respectively. So far 18198 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1432.70 on 11-Apr-2016 and a 52 week low of Rs. 950.00 on 09-Nov-2016.
Last one week high and low of the scrip stood at Rs. 1269.75 and Rs. 1170.00 respectively. The current market cap of the company is Rs. 25767.00 crore.
The promoters holding in the company stood at 75.00%, while institutions and non-institutions held 16.92% and 8.08% respectively.
ABB India will deliver a 110 kilovolt (kV) digital substation to Technopark, the largest Information Technology (IT) park in India, based on built-up area, located in the southern state of Kerala and spanning an area of 930,000 square meters. The campus is highly dependent on reliable, round the clock power to serve the 350 companies employing more than 50,000 people. This will be among the first digital substations in India and will support the country’s vision of smarter grids and cities.
Technopark is currently in an expansion mode and is envisioned to become a self-contained township with potential to employ a hundred thousand people working in the fields of IT, biotechnology and nanotechnology, increasing the need for reliable power supplies for commercial and residential consumers.
ABB India is a leading global technology company in power and automation that enables utility, industry and transport & infrastructure customers to improve their performance while lowering environmental impact.