ABB

** Shares of engineering services company ABB India Ltd ABB.NS down 2.8% at 8,218 rupees

** ABB shares down for third straight session where they have shed 4.4%; day's fall biggest across last three sessions

** UBS downgrades stock to "neutral" from "buy" saying current price already factors robust earnings growth; raises PT to 9,100 rupees from 8,830 rupees

** Brokerage views ABB as best poised to capture emerging infrastructure projects, says would upgrade back to "buy" if quarterly order inflow exceeds 38 billion rupees

** 23 analysts tracking stock rate it "hold" on avg vs "buy" for Siemens SIEM.NS and Larsen and Toubro LART.NS - LSEG data

** Stock up ~76% YTD vs LART's 3.5% rise, SIEM's 89% gain

(Reporting by Nandan Mandayam in Bengaluru)

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July 3 (Reuters) - ABB India Ltd ABB.NS:

• ABB'S PIXELPAINT SELECTED BY MAHINDRA TO DELIVER PREMIUM PAINT OPTIONS

Further company coverage: ABB.NS

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June 19 (Reuters) - ABB India Ltd ABB.NS:

• ABB INDIA AND WITT INDIA PARTNER

• PARTNERSHIP TO ENHANCE SAFETY, OPERATIONAL EFFICIENCY IN KEY INFRASTRUCTURE PROJECTS

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** Shares of ABB India ABB.NS rise as much as 8.5% to 7,791.50 rupees, hitting a record high; last up 7.4%

** The engineering services firm reports an ~88% jump in March-qtr profit to 4.59 billion Indian rupees (nearly $55 million), beating analyst estimates

** "Strong beat on all fronts" while quarterly EBITDA margin of 18.3% a positive surprise aided by executing higher margin orders and healthy pricing power- Nomura

** ABB on track for second straight session of gains

** Busiest session since late Feb; about 1.3 mln shares change hands, three times the 30-day avg

** Twenty four analysts covering the stock on average have a "hold" rating; median PT is 5,330.50 rupees - LSEG data

** Stock up ~65% YTD, had gained 74% in 2023 for third straight year of gains

($1 = 83.5125 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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May 10 (Reuters) - ABB India Ltd ABB.NS:

• MARCH-QUARTER PROFIT 4.59 BILLION RUPEES

• MARCH-QUARTER TOTAL REVENUE FROM OPERATIONS 30.80 BILLION RUPEES

• YEAR AGO MARCH-QUARTER PROFIT 2.45 BILLION RUPEES; REVENUE 24.11 BILLION RUPEES

Further company coverage: ABB.NS

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** ABB India's shares ABB.NS slide over 4%, most on Nifty 100 .NIFTY100, after two rating cuts

** Stock set for biggest one-day drop in four months

** ICICI Securities downgrades to 'sell', while Nomura cuts to 'neutral' from 'buy' -LSEG data

** ICICI says while order inflows were strong, share of long-lead orders has jumped to 15% in 2023 from 7% in 2022

** Expects orders to be "sub–par" in 2024 given the uncertainty over next 1-2 qtr due to general elections

** Notes stock's sharp 45% surge in two months means it's trading at ~81x CY25E EPS vs avg historical 2-yr fwd PE of 60x

** ICICI's PT is 5,330 rupees, while Nomura hikes PT to 6,660 rupees; stock last trading at ~6,365 rupees

** Avg rating of 24 analysts is 'hold' and median PT is 5,275 rupees -LSEG data

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of technology automation products and services provider ABB India ABB.NS rise ~7% to a record high; last up 6.3%

** UBS says co has clear focus to capture long-term growth in electrification, dials up estimates on product portfolio expansion bets

** UBS hikes PT by 40% to Street-high of 7,550 rupees, retains 'buy' recommendation

** UBS' new PT is 51% above analysts' median PT, and ~20% higher than current trading levels - LSEG data

** Adds ABB "best play" on emerging infrastructure scale-up in low/medium-voltage electrification, where it trails Schneider Electric Infrastructure SEIN.NS and Siemens SIEM.NS

** Avg recommendation on ABB is a "hold" vs "buy" for Siemens - LSEG

** Stock is up ~35% YTD, following a 74% jump in 2023

(Reporting by Hritam Mukherjee in Bengaluru)

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March 20 (Reuters) - ABB India Ltd ABB.NS:

• ORDER FROM DEPARTMENT OF COMMERCIAL TAXES IMPOSING PENALTY OF 61.4 MILLION RUPEES

• APPEAL WILL BE FILED AGAINST ORDER

Source text for Eikon: ID:nBSE9q9q0S

Further company coverage: ABB.NS

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** Shares of ABB India ABB.NS rise as much as 7.8% to a record high of 5,373.8 rupees

** The heavy electrical equipment maker reported an 11% jump in Dec-qtr profit on Tuesday

** Stock has rallied over 18% since then

** ABB's new product launches to improve efficiency and its order outlook remains upbeat, say analysts at Nomura

** Nomura upgrades stock to "buy" from "neutral"; hikes PT to 5,740 rupees from 4,525 rupees

** Sees ABB as a key beneficiary of shift to automation, electrification and premiumisation

** More than 1.9 mln shares change hands, 5.1x its 30-day avg

** Twenty-one analysts covering the stock on avg have a "hold" rating; median PT is 4,950 rupees - LSEG data

** Stock up ~18% this week, eyes highest weekly gain since Dec. 5, 2014

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of technology co ABB India Ltd ABB.NS rise as much as 6.9% to 4,838 rupees

** Co late on Tuesday reported 10.9% rise in qtrly profit to 3.39 bln rupees ($40.9 mln), total rev from ops rose 13.6% Y/Y

** Co said growth has come on the back of deepening engagement into diverse market segments, portfolio expansion and localization for Indian market

** Stock trading above its 200-day simple moving avg since Feb. 6, 2023

** More than 815,000 shares traded as of 9:44 a.m. IST, 3.5 times their 30-day moving avg

** Mean rating of 21 analysts covering the stock is "hold"; median PT is 4,585 rupees - 5.5% lower than the day's high - LSEG data

** Stock up ~3% for the year so far

($1 = 82.8973 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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Feb 20 (Reuters) - ABB India Ltd ABB.NS:

• ABB INDIA DEC-QUARTER PROFIT 3.39 BILLION RUPEES

• ABB INDIA DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 27.57 BILLION RUPEES

• ABB INDIA YEAR AGO DEC-QUARTER PROFIT 3.05 BILLION RUPEES; REVENUE 24.27 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: ABB.NS

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BENGALURU, Feb 8 (Reuters) - Indian engineering company Thermax THMX.NS reported an 11% year-on-year rise in third-quarter profit on Thursday, helped by strong demand for its industrial products.

Consolidated profit before tax and exceptional items rose to 1.83 billion rupees ($22.1 million) in the three months ended Dec. 31, from 1.65 billion rupees a year ago.

Engineering companies in India have been benefitting from the government's push on infrastructure, clean energy and indigenisation through increased capex and production-linked incentive schemes.

The order flow at capital goods majors such as Larsen & Toubro LART.NS, Siemens SIEM.NS and Thermax have risen by an average of 28% YoY for the last six quarters, brokerage Jefferies estimated last month.

Among peers, KEC International KECL.NS reported its profit surged more than five-fold in the quarter, while Cummins India CUMM.NS said its profit increased 20.6%.

Thermax's sales of industrial products -- such as for heating, cooling, water and waste management -- increased 19.5% in the quarter.

Revenue from its industrial infrastructure business, which includes building large boilers, turnkey power plants, and wastewater treatment plants increased by 9.7%.

These two businesses accounted for more than 90% of the company's total revenue, which rose 13.4% to 23.24 billion rupees.

Thermax, which serves industries ranging from aviation, and cement to renewable energy, said its order booking for the quarter was 17% higher year-on-year at 11.54 billion rupees.

It also approved an additional capital expenditure of 450 million rupees to set up an ion exchange resin manufacturing plant.

Thermax's shares jumped 6.8% to a record high after the results, before reversing course to trade down 2.4%. The stock had risen 56.6% in 2023.

($1 = 82.9832 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru; Editing by Savio D'Souza)

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Jan 18 (Reuters) - ABB India Ltd ABB.NS:

• ABB ROBOTICS AND SIMPLIFORGE CREATIONS COLLABORATE FOR 3D PRINTING TECHNOLOGIES IN INDIA'S CONSTRUCTION SECTOR

Further company coverage: ABB.NS

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** Shares of Titagarh Rail Systems TITG.NS rise as much as 9.5% to a record high of 1,025 rupees and ABB India ABB.NS up 1.7%

** ABB, which makes factory robots, automation systems, said on Monday it formed a partnership for metro projects in India with railway wagon maker TITG

** Both cos will supply propulsion systems for metro projects in India

** TITG shares up 353% so far this year including Tuesday's gains, while ABB stock up 64% YTD

(Reporting by Nallur Sethuraman in Bengaluru)

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Nov 20 (Reuters) - ABB India Ltd ABB.NS:

• ABB FORMS STRATEGIC PARTNERSHIP WITH TITAGARH FOR METRO PROJECTS IN INDIA

Source text for Eikon: [ID:]

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Nov 9 (Reuters) - ABB India ABB.NS posted an 84% rise in quarterly profit on Thursday, as the technology company was helped by higher order wins in its key electrification and automation segments.

The Indian arm of Swedish-Swiss ABB Ltd ABBN.S said its profit jumped to 3.63 billion rupees ($43.60 million) in the quarter ended Sept. 30 from 1.98 billion rupees a year earlier.

The company recorded 14% year-on-year growth in total orders to 30.04 billion rupees in the quarter.

"The quarter witnessed orders from a diverse range of segments including metals, energy companies, railways, electronics, data centers, EVs, paints, etc.," ABB India said.

Healthy industrial demand, strong order book and better execution amid improved supply chain will drive growth in the September quarter for Indian capital goods companies, analysts had said.

Peer Thermax THMX.NS earlier this month posted a 45% jump in quarterly profit on the back of robust demand, while Siemens SIEM.NS is yet to report its results.

ABB India's revenue from the electrification segment, which contributes nearly 40% to the company's total revenue, rose 18%, while that from the process automation segment jumped 93%.

Its total revenue from operations rose 31% to 27.69 billion rupees.

ABB India's shares closed 0.9% higher after results. The stock fell 7.2% in the July-September quarter.

Parent ABB last month posted a 13% jump in its third-quarter core profit, helped by price increases but flagged a slowdown in revenue growth in the fourth quarter.

($1 = 83.2620 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Maju Samuel)

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** Shares of ABB India ABB.NS fall 1.4% to 4,225.1 rupees

** Co's parent, Swiss engineering group ABB ABBN.S said it anticipates low- to mid-single digit comparable revenue growth in fourth quarter

** Adds, FY23 comparable rev growth will likely be in low teens

** Analysts covering ABB India on average have a "hold" rating; median PT is 4,300 rupees - LSEG data

** Stock up 59% YTD

(Reporting by Ashna Teresa Britto in Bengaluru)

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Sept 21 (Reuters) - ABB India Ltd ABB.NS:

• ABB TO POWER SAMSKIP'S NEW HYDROGEN-FUELED CONTAINER VESSELS

Source text for Eikon: ID:nBSE6Wdgnf

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Sept 20 (Reuters) - ABB India Ltd ABB.NS:

• ABB TO ROLL OUT ELECTRIC POWERTRAIN SYSTEM FOR ARCELORMITTAL NIPPON STEEL'S NEW STEEL MILL IN HAZIRA

• NEW PLANT WILL PRODUCE AROUND 5.5 MILLION TONS OF STEEL STRIP PER YEAR

• PARTNERING WITH SMS GROUP TO SUPPLY ALL MEDIUM-VOLTAGE MOTORS AND MV DRIVES FOR NEW HOT STRIP MILL AT HAZIRA, IN GUJARAT

Source text for Eikon: ID:nBSE3pMMQ1

Further company coverage: ABB.NS

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** Shares of ABB India ABB.NS up as much as 2.23% at 4,540 rupees, logging highest level since Aug. 11

** Jefferies says strong order outlook should ensure co's execution remains in double digits

** Energy efficiency requirements put ABB in a sweet spot given electrification, motion and automation portfolio - Jefferies

** Brokerage sees 23% implied upside for the stock, rates it "buy" with TP of 5,260 rupees

** Mean recommendation of 28 analysts is "hold," median TP 4,261 rupees - LSEG data

** Stock surged ~68% YTD

(Reporting by Hritam Mukherjee in Bengaluru)

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Aug 21 (Reuters) - ABB India Ltd ABB.NS:

• CO BAGS ORDER FOR AUTOMATING RELIANCE LIFE SCIENCES' BIOPHARMACEUTICAL FACILITIES

Source text for Eikon: ID:nBSE3rdV26

Further company coverage: ABB.NS

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Aug 11 (Reuters) - ABB India Ltd ABB.NS:

• JUNE-QUARTER PROFIT 2.96 BILLION RUPEES VERSUS 1.40 BILLION RUPEES

• JUNE-QUARTER TOTAL REVENUE FROM OPERATIONS 25.09 BILLION RUPEES VERSUS 20.53 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: ABB.NS

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Aug 4 (Reuters) - ABB India Ltd ABB.NS:

• ABB INDIA LTD - MAY CONSIDER DECLARATION OF SPECIAL DIVIDEND

Source text for Eikon: ID:nBSE9B8MXK

Further company coverage: ABB.NS

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** Shares of ABB India ABB.NS rise as much as 2.70% to 4317.65 rupees

** Rise after global brokerage Macquarie reiterates "outperform" on the back of strong results from the technology company's parent - ABB Group

** ABB India to report order inflow growth of 7% Y/Y in June quarter to 29.6 bln rupees, exceeding the estimate of 27.5 bln rupees - Macquarie

** Expects ABB to benefit from large electrification and automation contract for ArcelorMittal Nippon Steel India

** Trading volume is 341,486 shares as of 1:25 p.m. IST as of 1:25 p.m. IST, 1.3x the 30-day avg - Refinitiv data

** Of the 27 analysts tracking ABB, six suggest "strong buy", seven retain "buy", nine maintain "hold", four recommend "sell" and one suggests "strong sell"; median TP is 3,700 rupees

** ABB up 59% in 2023 so far compared to 9% rise in Nifty 50 .NSEI index

(Reporting by Bharath Rajeswaran in Bengaluru)

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June 30 (Reuters) - ABB India Ltd ABB.NS:

• GETS ELECTRIFICATION AND AUTOMATION CONTRACT FOR ARCELORMITTAL NIPPON STEEL

Source text for Eikon: ID:nBSE3K4mkt

Further company coverage: ABB.NS

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** UBS upgrades ABB India to "buy" from "neutral" and raises price target to a Street-high 5,000 rupees

** ABB India shares ABB.NS off 0.2% at 4,141.70 rupees, just shy of all-time high of 4,162.85 rupees hit on May 31

** UBS says short-cycle demand for ABB's industrial products stronger than expected and sees further operating margin growth

** UBS remain bullish on industrial automation and low-voltage electrification demand

** The avg rating of the 28 analysts covering ABB is "hold", while their median PT is 3,688 rupees - Refinitiv data

** ABB has surged in May after strong Q4 results at start of the month; stock up 54% YTD, incl a 21% jump in May

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

** Shares of ABB India Ltd ABB.NS rise as much as 1.8% to record high of 4,012.30 rupees

** If trends hold, stock on track to advance for second consecutive session

** Stock trading above its 50-, 100-, and 200-day exponential moving averages

** About 228,660 shares change hands by 2:07 p.m. IST, 0.6x the 30-day avg - Refinitiv Data

** For 17 consecutive sessions, Relative Strength Index (RSI) has been remained over the upper limit of 70, indicating that the stock is overbought

** 13 of 28 analysts covering the stock have a "buy" or higher rating, nine "hold" while six rate it at "sell" or lower; median PT is 3,688 rupees

** Stock last up 0.9%, extending YTD gains to 48.3%

(Reporting by Priya Sagar in Bengaluru)

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May 11 (Reuters) - ABB India Ltd ABB.NS:

• EXPANDS PRODUCTION FOOTPRINT

• PRODUCTION WITH NEW LINE OF VARIABLE SPEED DRIVE MODULES AT PEENYA FACTORY, BENGALURU

Source text for Eikon: [ID:]

Further company coverage: ABB.NS

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** Shares of ABB India Ltd ABB.NS rise 4.49% to record high of 3608.75 rupees after tech firm posts 66% surge in Q1 pre-tax profit

** Nomura ("Neutral", PT: 3,274 rupees) says strong results were supported by improved profitability in electrification segment

** Sees continued strong momentum in order inflows as positive for ABB

** Orders surged 36% YoY in March quarter, including wins for power handling systems and robotics: ABB

** Trading volume is 574,510 shares as of 10:10 a.m. IST, nearly twice the 30-day avg of 346,699 shares - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

May 3 (Reuters) - ABB India Ltd ABB.NS:

• ABB INDIA MARCH-QUARTER PROFIT 2.45 BILLION RUPEES VERSUS 3.73 BILLION RUPEES

• ABB INDIA MARCH-QUARTER TOTAL REVENUE FROM OPERATIONS 24.11 BILLION RUPEES VERSUS 19.68 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: ABB.NS

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