Shares of ABB rallied over 6% in early trade after the company’s parent highlighted robust order inflow growth in India for the first quarter. The strong business momentum has significantly boosted investor sentiment, pushing the stock to fresh 52-week highs.
ABB share price performance
As of 10:29 AM (IST), ABB shares witnessed strong buying interest, touching an intraday high of ₹7,714.00, which also marks its 52-week high. The stock opened at ₹7,253.00 compared to the previous close of ₹7,255.00 and slipped to a low of ₹7,161.00 during the session.
The trading volume stood at 3,70,697 shares, indicating heightened market participation following the positive update.
What triggered the rally?
The sharp upside in ABB shares comes after the company reported that India order inflow growth stood at an impressive 26% in Q1. This figure is significantly higher than market expectations of 7–9%, signaling stronger-than-anticipated demand across key segments.
The upbeat commentary suggests continued traction in electrification, automation, and industrial solutions, which are core to ABB’s India business.
$75 million investment to boost expansion
Adding to the positive momentum, ABB announced plans to invest approximately $75 million in India this year. The investment will be directed toward expanding its manufacturing footprint and strengthening R&D capabilities across all business segments.
This move is expected to enhance local production capacity, support innovation, and deepen ABB’s presence in one of its fastest-growing markets.