ABB India s net profit of Rs 345 crore for the quarter ended December 2023 grew 13 percent on-year. Its revenue grew 14 percent to Rs 2,757 crore, with order intake increasing by 35 percent YoY to Rs 3,147 crore.
Shares of ABB India zoomed over 11 per cent today after the firm reported a two-fold jump in its March quarter profit. ABB India stock rose 11.62 percent intra-day to Rs 2247.9 against the previous close of Rs 2013.80 on BSE. The stock opened 3.73 per cent higher at Rs 2,089 today.
Stock of MIC Electronics has delivered stellar returns to investors in the last one year. MIC Electronics share closed at Rs 0.90 on March 19, 2021 and traded at Rs 21.15 on March 21 this year, translating into gains of 2,331 per cent during the period. In comparison, Sensex gained 15% per cent during the period.