MNC stocks in focus: Charts show up to 17% upside in ABB, HUL, SKF India

The Nifty MNC index kicked off the August series at a record high of 19,854, after surging 18 per cent from June's 52-week low levels. Outperformance of the Nifty MNC index against benchmark indices demonstrates a strong resilience.

Among its constituents, ABB India, Hindustan Unilever, and SKF India have excelled well in recent months with ABB and SKF India gradually ralling to all-time highs.  

In Thursday's trade, Kansai Nerolac Paints and Castrol India were the top gainers in the Nifty MNC index, up over 3 per cent each. 

Here’s the technical outlook for these stocks: 

ABB India Ltd (ABB)

Likely target: Rs