Reuters Market Eye - ABB India Ltd shares gain 2.3 percent.
Axis Capital says in a report the probability of a delisting in ABB India is increasing.
Axis sites an earnings call with management.
Adds management said new delisting norms are being finalised and would be simpler.
As a result, Axis raises target price to 1,108 rupees from 975 earlier.
India's market regulator began a review of stock market delisting rules in May this year.
More From This Section
A company spokesman was not immediately reachable.
(Reporting by Abhishek Vishnoi)