Bullish Flag pattern breakout and retest seen in ABB India (Buy)

2023年2月25日

ABB India Limited is an integrated power equipment manufacturer supplying the complete range of engineering, products, solutions and services in areas of Automation and Power technology.

Electrification and automation company ABB India on Friday announced to invest Rs 1,000 crore in the country in the next five years.

The company, which inaugurated a new facility in Nashik on Friday, will be investing the money in adding capacity across the country, its country head and managing director Sanjeev Sharma said in Nashik.

According to him, ABB India is planning to invest Rs 1,000 crore in the next five years for capacity expansion.

Its new factory spread across 78,000 sq ft will help double the Gas Insulated Switchgear (GIS) production capacity, a statement said.

The new facility will manufacture primary and secondary GIS. It will serve the power distribution, smart cities, data centres, transport (metro, railways), tunnels, ports, highways and other infrastructure developments, it said.

It deploys advanced robotics for manufacturing which connects people, processes, assets, and is capable of relaying real-time data for enhanced productivity.

The company also launched an eco-efficient switchgear.


Market Cap
₹ 66,582 Cr.
Current Price
₹ 3,142
High / Low
₹ 3,446 / 1,945
Stock P/E
86.4
Book Value
₹ 191
Dividend Yield
0.18 %
ROCE
25.4 %
ROE
19.0 %
Face Value
₹ 2.00
Debt
₹ 36.7 Cr.
EPS
₹ 48.0
PEG Ratio
6.82
Promoter holding
75.0 %
Intrinsic Value
₹ 521
Pledged percentage
0.00 %
EVEBITDA
56.0

Company is almost debt free.
Company has been maintaining a healthy dividend payout of 27.0%

Company is Good for long term investment, business model is fantastic,, capacity expansion will make this stock boom from this levels. Chart also looking very very attractive for this ticker. So technical and fundamental analysis both giving buy signal in it. If anyone wants to go long in it definitely can go with given level, if you are thinking for trading go with stop loss,,and if you are planning to invest for long term, no need any stop loss, even accumulate more if you get down levels. My long term Target will be 6000+, and i am expecting this will come within 1-3 years.

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and also feel free to comment your thought on my idea.
Thankyou.

2023年10月21日

ノート

2023年10月21日

ノート

Targets done