ABB India surged 6.94% to Rs 632 at 12:23 IST on BSE, after net profit surged 249.37% to Rs 58.59 crore on 5.72% rise in total income to Rs 2204.56 crore in Q4 December 2013 over Q4 December 2012.
The result was announced during market hours today, 18 February 2014.
Meanwhile, the S&P BSE Sensex was up 183.88 points, or 0.9%, to 20,647.94
On BSE, 1.92 lakh shares were traded in the counter compared with average volume of 27,711 shares in the past one quarter.
The stock hit a high of Rs 638 and a low of Rs 592 so far during the day. The stock hit a 52-week high of Rs 720.20 on 5 December 2013. The stock hit a 52-week low of Rs 448.10 on 30 August 2013.
The large-cap company has an equity capital of Rs 42.38 crore. Face value per share is Rs 2.
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The stock had underperformed the market over the past one month till 17 February 2014, falling 7.5% compared with the Sensex's 2.85% fall. The scrip had, however, outperformed the market in past one quarter, gaining 1.4% as against Sensex's 0.32% rise.
ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries.
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