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CCI approved the acquisition of an 80.1% stake by Hitachi in the power grid business of ABB India. #MOMarketUpdates
CCI approved the acquisition of an 80.1% stake by Hitachi in the power grid business of ABB India.
ABB Power Products and Systems, the Indian arm of ABB’s Power Grids business, has been listed on the BSE and the NSE India on 30 March 2020. The company had demerged from ABB India Ltd. to become a standalone legal entity. #MOMarketUpdates
Price damage was seen in individual stocks as more than 800 stocks on the BSE hit a fresh 52-week low that includes names like 3M India, Gillette India, UltraTech Cements, PI Industries, ACC, ABB India, etc. among others.
#ABB: ABB India Ltd's price is -12.5% but the forecast earnings moved 0.0% over the last week.
#ABB: ABB India Ltd's forecast earnings moved 0.0% over the last week, but the price is -12.5%. It's PE ratio is now 33x earnings.
#ABB: ABB India Ltd's forecast earnings moved -1.5% over the last month, but the price is -22.9%. It's PE ratio is now 38x earnings.
Yes Securities top 10 picks ABB India Birla Corp Colgate KNR Const. PNC Infratech Polycab India Godrej Industries HDFC Bank Tata Consumer Reliance Industries
ABB India board sells solar inverter business for Rs100.6cr
ABB India to sell solar inverter operation to Fimer unit for Rs100cr. #MOMarketUpdates
ABB India board has approved the proposal to sell the company’s solar inverter business to the group’s wholly-owned Italian arm ‘Fimer’ for Rs100.6cr. The business transfer agreement will be effective from April 1.