ABB India inches up on getting nod to segregate energy grids enterprise from different groups by admin- Thursday, February 14th, 2019 04:08:56 PM
ABB India is currently buying and selling at Rs. 1256.35, up by 7.Sixty five factors or 0.61% from its previous ultimate of Rs. 1248.70 on the BSE.
The scrip opened at Rs. 1267.00 and has touched a excessive and low of Rs. 1267.00 and Rs. 1251.00 respectively.
The BSE group ‘A’ stock of face price Rs. 2 has touched a 52 week high of Rs. 1629.00 on 14-Feb-2018 and a fifty two week low of Rs. 1123.00 on 28-Jun-2018.
Last one week high and coffee of the scrip stood at Rs. 1276.05 and Rs. 1224.05 respectively. The contemporary market cap of the corporation is Rs. 26461.00 crore.
The promoters holding in the agency stood at seventy five.00%, even as Institutions and Non-Institutions held sixteen.Sixty seven% and 8.33% respectively.
ABB India has been granted in-precept approval for the segregation of the organisation’s electricity grids business from the corporation’s different businesses. The Board of Directors of the Company at its assembly held on February thirteen, 2019 has accepted the identical. The Board has decided that a courtroom-authorized demerger is the preferred option.