Key Events This Week
27 Jan: Modest 0.33% gain with steady volume
28 Jan: Intraday high and 7.20% surge amid sharp open interest rise
29 Jan: Strong 8.52% gain with heavy institutional trading and option activity
30 Jan: Technical upgrade to Hold and 1.84% close, ending week near highs
27 January 2026: Steady Start with Modest Gains
ABB India Ltd opened the week with a steady performance, closing at Rs.4,707.40, up 0.33% from the previous close. The Sensex outperformed slightly with a 0.50% gain, closing at 35,786.84. Trading volume was moderate at 8,197 shares, indicating a cautious but positive market sentiment ahead of the week’s key events.
28 January 2026: Intraday High and Sharp Open Interest Surge
On 28 January, ABB India Ltd surged 7.20% to close at Rs.5,046.15, reaching an intraday high of Rs.4,851.95 earlier in the session. This strong price action outpaced the Sensex’s 1.12% gain and the Heavy Electrical Equipment sector’s 2.12% rise. The stock’s volatility was elevated, with intraday fluctuations reflecting active trading interest.
Notably, open interest in ABB’s derivatives rose sharply by 16.17% to 26,941 contracts, signalling fresh long positions and increased speculative activity. The futures and options notional values were substantial, with options alone representing ₹30,480.72 crores. Despite this, delivery volumes declined by 28.75%, suggesting that speculative derivatives trading outpaced actual shareholding changes.
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29 January 2026: Robust Rally with Heavy Institutional and Options Activity
ABB India Ltd extended its winning streak on 29 January, surging 8.52% to close at Rs.5,475.90 and touching an intraday high of Rs.5,220.55. This gain was achieved despite a 0.22% decline in the Sensex, underscoring the stock’s strong relative performance. The Electric Equipment sector rose 4.22%, but ABB outperformed by more than double.
Trading volumes soared to 13,66,129 shares, with a traded value of approximately ₹73,977.93 lakhs, reflecting heavy institutional interest. The stock traded above all key moving averages, including the 200-day, signalling a strong technical uptrend. Call option activity surged, with significant volumes at the 5,500 and 6,000 strike prices for the 24 February expiry, indicating bullish positioning. However, put options also saw increased activity at the ₹5,000 strike, suggesting some investors hedging against potential downside risks.
Open interest in derivatives jumped 39.93% to 36,764 contracts, confirming fresh long bets. Delivery volumes increased by 10.81%, indicating genuine accumulation alongside speculative trading.
30 January 2026: Technical Upgrade and Continued Momentum
On the final trading day of the week, ABB India Ltd gained a further 1.84% to close at Rs.5,576.90, marking the week’s high close. The stock’s technical outlook improved, with MarketsMOJO upgrading its rating from ‘Sell’ to ‘Hold’ based on mildly bullish weekly MACD and Bollinger Bands, despite mixed monthly indicators and flat recent financial results.
Financially, the company reported flat quarterly earnings with a 9.20% decline in PBT excluding other income and a 7.2% drop in PAT. Nonetheless, long-term fundamentals remain strong, with a high ROCE of 78.62% and low debt. The stock trades at a premium P/B ratio of 16.1, reflecting its market leadership but also valuation caution.
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Daily Price Comparison: ABB India Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-27 | Rs.4,707.40 | +0.33% | 35,786.84 | +0.50% |
| 2026-01-28 | Rs.5,046.15 | +7.20% | 36,188.16 | +1.12% |
| 2026-01-29 | Rs.5,475.90 | +8.52% | 36,266.59 | +0.22% |
| 2026-01-30 | Rs.5,576.90 | +1.84% | 36,185.03 | -0.22% |
Key Takeaways
Positive Signals: ABB India Ltd’s 18.87% weekly gain significantly outpaced the Sensex’s 1.62%, driven by strong intraday highs, robust derivatives market activity, and a technical upgrade to Hold. The stock’s trading above all major moving averages and rising delivery volumes indicate genuine investor interest and accumulation. Institutional participation and heavy call option activity reflect bullish sentiment, while the company’s dominant market position and strong long-term returns underpin its appeal.
Cautionary Notes: Despite the rally, the Mojo Score remains moderate at 50.0 with a Hold rating, reflecting valuation concerns and mixed fundamental signals. Recent quarterly earnings were flat, with declines in PBT and PAT. Elevated put option activity suggests some investors are hedging against potential downside risks. The stock trades at a premium P/B ratio of 16.1, warranting careful valuation scrutiny. Technical indicators show mixed signals, with monthly charts still cautious.
Conclusion
ABB India Ltd’s week was characterised by a strong price rally and heightened market activity, reflecting renewed investor interest and positive technical momentum. The stock’s ability to outperform both its sector and the broader market amid mixed fundamental results highlights a complex but promising outlook. The upgrade to Hold signals a cautious optimism, balancing the recent momentum against valuation and earnings concerns. Investors should monitor upcoming earnings, sector developments, and technical confirmations to assess the sustainability of this rally. Overall, ABB India Ltd remains a key large-cap stock to watch within the heavy electrical equipment sector, combining strong market positioning with evolving market dynamics.
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