Large cap stock hits new 52-week high after company's net profit increased by 87.5% YoY
Bengaluru, May 13 -- Share price of this large-cap stock hit a new 52-week high on BSE at Rs. 8,025 in the trading session of Monday, after reporting a rise in net profit by 35.6 percent QoQ and 87.5 percent YoY.
With a market capitalisation of Rs. 1.67 lakh crore, the share price of ABB India Limited moved up by 11.73 percent to hit an intraday high at Rs. 8,025 on Monday.
The fluctuations in the share prices were observed after the company announced the financial results for Q4 FY23-24 and FY24, through the recent filings with the stock exchanges on Monday.
ABB India continues to expand its innovative portfolio to capture growth and witnessed a rise in revenue from operations by 28 percent YoY from Rs. 2,411.2 crore in Q4 FY22-23 to ...
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