ABB India Ltd shares gain 1.4 percent.
Axis Capital says in a report the probability of a delisting in ABB India is increasing.
Axis cites 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 rupees.
ABB spokesman says company "has no plans for delisting".
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India's market regulator began a review of stock market delisting rules in May this year.
(Reporting by Abhishek Vishnoi)