ABB India hits new 52-week high on getting ‘Responsible Export Organization’ compliance certificate for ELDS business

ABB India is currently trading at Rs. 2592.80, up by 29.50 points or 1.15% from its previous closing of Rs. 2563.30 on the BSE.

abb india moves up on the bse
abb india moves up on the bse

The scrip opened at Rs. 2563.30 and has touched a high and low of Rs. 2611.20 and Rs. 2553.75 respectively. So far 17124 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 2,611.20 on 08-Jul-2022 and a 52 week low of Rs. 1619.30 on 11-Aug-2021.

Last one week high and low of the scrip stood at Rs. 2,611.20 and Rs. 2278.00 respectively. The current market cap of the company is Rs. 55130.08 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 11.90% and 13.10% respectively.

ABB India has been awarded the ‘Responsible Export Organization’ compliance certificate for its Electrification Distribution Solutions (ELDS) business by Confederation of Indian Industry – Institute of Quality (CII-IQ).

The certification encompasses all business operations related with design, manufacture, marketing, retrofit and services of switchgear products and solutions of medium voltage and low voltage switchgear, relays and other automation solutions. This certification applies to ABB India’s ELDS plants in Nasik and Vadodara.

ABB India’s Distribution Solutions division successfully qualified CII – IQ’s screening and assessment processes through scientific checks across levels and parameter aspects including leadership and governance, supply chain development and alignment, asset/ resource management and other performance metrices. ABB has been recognized for its effective operations and management systems.

ABB India is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future.