ABB India rose 1.21% to Rs 1,226.05 at 12:52 IST on BSE after the company's announcement that it has opened its global business service center in Bangalore.
The announcement was made during market hours today, 8 June 2016.Meanwhile, the S&P BSE Sensex was up 21.75 points or 0.08% at 27,031.42.
On BSE, so far 4,368 shares were traded in the counter as against average daily volume of 5,592 shares in the past two weeks. The stock hit a high of Rs 1,230 and a low of Rs 1,195 so far during the day. The stock had hit a 52-week high of Rs 1,444.40 on 17 July 2015. The stock had hit a 52-week low of Rs 963.05 on 21 January 2016.
The global business service center in Bangalore when fully established in 2017 is expected to employ over 1,000 people, ABB India said.
ABB India's net profit rose 30.7% to Rs 70.98 crore on 10.7% growth in net sales to Rs 1976.29 crore in Q1 March 2016 over Q1 March 2015.
ABB is a leading global technology company in power and automation that enables utility, industry, and transport & infrastructure customers to improve their performance while lowering environmental impact.
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