ABB India Faces Continued Stock Decline Amid Broader Electric Equipment Sector Challenges
ABB India has experienced a notable decline in its stock price, marking four consecutive days of losses and a significant drop over the past month. The company is trading below multiple moving averages, reflecting a persistent downward trend, while the broader electric equipment sector also faces challenges.
ABB India, a key player in the electric equipment sector, has seen its stock price decline by 3.22% on January 13, 2025, marking the fourth consecutive day of losses and a total drop of 7.26% during this period. The stock reached an intraday low of Rs 6187.85, reflecting a decrease of 3.41%.Currently, ABB India is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The broader electric equipment sector is also facing challenges, with a decline of 3.71% on the same day.
In comparison to the market, ABB India's one-day performance stands in contrast to the Sensex, which experienced a smaller decline of 0.81%. Over the past month, ABB India has recorded a significant drop of 19.62%, while the Sensex has decreased by 6.55%. This performance underscores the ongoing difficulties faced by ABB India in the current market environment.
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