ABB India Receives 'Buy' Rating from MarketsMOJO, Shows Strong Financial Performance and Positive Technical Trend
ABB India, a leading electric equipment company in India, has recently received a 'Buy' rating from MarketsMOJO. This upgrade comes as the company has consistently shown positive results for the last 14 quarters and has a low Debt to Equity ratio of 0 times, indicating a strong financial position.The company's operating cash flow has been the highest at Rs 1,351.48 crore, and its dividend per share has also reached a record high of Rs 23.80. In addition, ABB India's net sales have grown at an impressive rate of 20.15% in the last half-year.
From a technical standpoint, the stock is currently in a bullish range and has shown improvement in its trend from mildly bullish to bullish on 24-Sep-24. This is supported by various factors such as MACD, Bollinger Band, KST, and OBV.
Moreover, ABB India's majority shareholders are its promoters, indicating their confidence in the company's performance. The stock has also consistently outperformed the BSE 500 index in the last 3 years, generating a return of 93.00%.
With a market capitalization of Rs 1,68,176 crore, ABB India is the largest company in the electric equipment sector, constituting 46.96% of the entire sector. Its annual sales of Rs 11,437.90 crore make up 19.37% of the industry.
However, there are some risks associated with investing in ABB India. The company has a high ROE of 25.4, making its valuation very expensive with a price to book value of 27. Additionally, the stock is currently trading at a fair value compared to its historical valuations. The PEG ratio of the company is 1.8, indicating that its profits have not kept up with its stock price growth in the past year.
Overall, ABB India's strong financial performance, positive technical trend, and majority promoter ownership make it a promising stock to consider for investment. However, investors should also be aware of the potential risks associated with its valuation.
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