ABB India Shares Surge 3% as Motilal Oswal Reaffirms 'Buy' with ₹6,700 Target

Shares of

dia Ltd. rallied 3% on the NSE today, rebounding from a 38% correction over the past six months, after domestic brokerage Motilal Oswal reiterated its ‘buy’ recommendation with a target price of ₹6,700, implying a 28% upside from current levels. The brokerage highlighted ABB’s strong growth prospects and strategic positioning in high-demand sectors. In its latest annual report, ABB India emphasized expansion into high-growth segments, deeper penetration into Tier 2 and Tier 3 cities, and the development of innovative products. Motilal Oswal noted that ABB’s 50% exposure to high and moderate-growth sectors, such as chemicals, pharmaceuticals, automotive, power distribution, water, electronics, and data centers, positions it ahead of peers. These sectors are expected to attract steady investments despite global geopolitical uncertainties. The brokerage also praised ABB’s robust margin control through cost efficiencies, which should cushion any potential gross margin pressures. Additionally, ABB is increasingly favored by group companies for exports, enhancing its global competitiveness. ABB India’s focus on premium products and growing demand in Tier 2 and Tier 3 markets further strengthens its outlook. With a diversified portfolio and strategic cost management, ABB is well-poised to capitalize on India’s industrial and infrastructure growth.