Nomura has maintained its reduce call on ABB India with a target price of ₹4,870 per share, implying a potential downside of around 6% from the current market price of ₹5,205. The brokerage said the company’s performance remained weak, with margins once again falling short of expectations.
While revenue beat estimates by 2%, EBITDA missed projections by 3% due to weak gross margins. Nomura also highlighted that order inflows declined 3% year-on-year, impacted by sluggish large-order bookings. The brokerage remains cautious on near-term growth prospects, citing margin pressures and softer order momentum as key concerns.
At the time of the report, ABB India shares were trading at ₹5,205 on the exchange.
Disclaimer: The views and target price mentioned are those of the brokerage firm (Nomura). This article is based solely on the provided inputs and is intended for informational purposes only. No investment advice.
