ABB India’s Electrifying Surge: 1190% Dividends Payout Beckons, Experts Recommend BUY

ABB India, a prominent player in the heavy electrical equipment domain, is making waves with its stellar quarterly earnings and enticing interim dividend recommendations, signaling a potential windfall for investors. Analysts are bullish on ABB’s outlook, attributing its success to the burgeoning demand in sectors like renewables, data centers, railways, metros, and electronics. As the market anticipates a significant dividend payout, experts advise a BUY, projecting a substantial rise of over 14%.

On February 26, 2024, ABB’s stock price was Rs 5297.15 per share, marking a slight decline of 1.72%, with a market capitalization of Rs 1,12,251.04 crore.

Dividends Delight: ABB India has proposed an impressive final dividend of Rs 23.80 per share (1190%) for the financial year ending December 31, 2023. This substantial payout reflects the company’s robust performance and commitment to rewarding its shareholders. The dividend, subject to shareholders’ approval, is expected to be paid after May 11, 2024.

Market Performance: Despite a recent dip in its share price, ABB India’s performance has been remarkable. Analysts perceive the current scenario as a buy-on-dips opportunity, considering the stock’s significant uptrend. ABB’s shares have surged over 18% in the past five trading sessions, with a year-to-date gain of 13.19%. Over the year, the stock has witnessed an impressive ascent of 70.42%.

Target Price Predictions:

  • Motilal Oswal Sets Rs 5,800 TP On ABB: Motilal Oswal emphasizes ABB’s advantageous position in sectors witnessing high-growth, projecting a target price of Rs 5,800. The firm anticipates a CAGR of 18% in ABB’s order inflow over CY23-25, driving a robust CAGR of 23% in revenue and EBITDA, with a target P/E of 65x on Mar’26E EPS.
  • Antique Stock Broking Sets TP Of Rs 6,058 On ABB: Antique Stock Broking highlights ABB’s strong operational performance, recording a revenue growth of 14% YoY. The firm maintains a BUY rating on the stock with a target price of INR 6,058, indicating substantial potential upside.
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