Shares of ABB India dropped by nearly 4% after ABB Global issued poor guidance for the upcoming quarter. As of 10:25 am, the shares were trading 3.16% lower at ₹8,496.50 on the NSE.
ABB Global stated that it expects Q4 revenue growth to be in the low to mid-single digits, causing investor concerns about the company’s global performance, which has weighed on the Indian entity’s stock price.
The negative sentiment surrounding ABB India has led to a sharp sell-off in the stock, reflecting broader concerns over its global parent company’s outlook. Investors will be closely watching for updates on how the global guidance impacts ABB India’s operations.
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