Prime Stock Recommendation: Riding India’s New Capex Wave

This capital goods champion has already pivoted to the future!

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10 thoughts on “Prime Stock Recommendation: Riding India’s New Capex Wave”

  1. venkat praneeth

    I have 15 units of this stock with avg price of 5,089.77, do you suggest upward averaging given ABB went through steep correction?

    1. Hi sir, Given its multi year growth rate of over 20% the valuations are now attractive, If you wish to add more units this is a good entry point.

      Thanks,
      Sudharsan

  2. is this a technical call or a fundamental call? fundamentally , nothing has changed in last one month when the stock was available 20% cheaper.

    1. Hi sir, This is a fundamental call and this stock came on our radar around 5600-5800. Even with this short term rally this is a good entry point.

      Thanks,
      Sudharsan

      1. thanks for clarification. so, the order book growth is the key factor for the call, understood.

        1. Sir, what is your view on ABB India after the latest post quarterly results.
          Technically and Fundamentally
          Is it a good time to Add, hold or sell ?
          Thanks
          Viren

          1. Hi sir, the company’s operating margins have been hit by an increase in raw material costs, particularly copper and steel, which in turn has led to reduced PAT. However this quarter, a 12% YoY revenue growth is strong. As long as it remains on the buy list, you can consider buying.

            Thanks
            Sudharsan

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