At the day's low of Rs 731.15, the stock had declined 3.82% before the announcement.

Meanwhile, the BSE Sensex was down 137.91 points, or 0.86%, to 15,914.81.

On BSE, 2.30 lakh shares were traded in the counter as against an average daily volume of 83,033 shares in the past one quarter.

The stock hit a high of Rs 783.10 and a low of Rs 731.15 so far during the day. The stock had hit a 52-week high of Rs 834 on 29 June 2009 and a 52-week low of Rs 344 on 4 March 2009.

The large-cap stock had outperformed the market over the past one month till 29 October 2009, falling 2.05% as compared to the Sensex's 4.75% fall. It had also outperformed the market in the past one quarter, rising 8.60% as compared to the Sensex's return of 5.79%.

The company's equity capital is Rs 42.38 crore. Face value per share is Rs 2.

The current price of Rs 764 discounts the company's Q2 June 2009 annualized EPS of Rs 15.78, by a PE multiple of 48.42.

ABB's net profit declined 20.74% to Rs 83.06 crore on 5.73% fall in total income to Rs 1469.68 crore in Q3 September 2009 over Q3 September 2008. The company declared the results during trading hours today, 30 October 2009.

During the quarter ended September 2009, the company's order inflow was Rs 1893.30 crore. The company's order book Rs 8023.30 as on 30 September 2009 is 1.17 times its sales of Rs 6837.03 crore for the year ended December 2008, giving strong revenue visibility.

In late August 2009, the company bagged an order worth Rs 128.30 crore from Power Grid Corporation of India (PGCIL) for a 400 kilovolt (KV) gas insulated switchgear substation to strengthen the power transmission network in the country's western grid. The substation will be located in Navsari, in the western Indian state of Gujarat. The project is to be executed by 2011.

ABB provides power and automation technologies to utility and industry customers worldwide.

Powered by Capital Market - Live News