ABB India's Stock Hits New 52-Week High, Receives 'Buy' Call from MarketsMOJO

ABB India, a leading electric equipment company in India, has seen a positive growth in its stock price on May 16, 2024. The stock has gained 3.34% and is currently trading at Rs. 8375, which is its new 52-week and all-time high. This impressive performance has caught the attention of MarketsMOJO, a leading stock analysis platform, which has given a 'Buy' call for ABB India's stock.

The stock has been a part of MOJO Stocks on MarketsMOJO since March 1, 2023, and has consistently shown strong performance. In fact, it has outperformed the sector by 1.92% today and has been on a consecutive gain for the last 5 days, with a 19.5% return in this period. This is a clear indication of the company's strong financials and growth potential.

Intraday, ABB India's stock touched a high of Rs. 8375, showing a 3.62% increase. The stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which further reinforces its positive trend.

In comparison to the Sensex, ABB India's stock has outperformed with a 1-day performance of 3.31% while the Sensex has shown a -0.17% performance. Similarly, in the last 1 month, ABB India's stock has shown a strong growth of 25.62% while the Sensex has only shown a -0.11% performance.

With such impressive numbers and a 'Buy' call from MarketsMOJO, ABB India's stock is definitely one to watch out for in the electric equipment industry. Investors can expect continued growth and positive performance from this largecap company.