abb buy on dips long term holding view for investment

Current reference price: around ₹7,400–₹7,450 52-week range: approximately ₹4,638–₹7,924. 1. Company Overview ABB India is a major player in electrification, industrial automation, motion and robotics, benefiting from India's capex, manufacturing, energy-transition and industrial automation themes. The company has a strong parentage and operates in a sector where long-term demand remains attractive. 2. Fundamental Analysis Q2 CY2026 – Strong operating performance The latest quarter was quite encouraging: Parameter Q2 CY26 YoY Orders +50% Revenue +21% PAT +8% Operational EBITA +23% Order backlog +22% Order backlog reached approximately ₹11,898 crore, providing good revenue visibility. This is probably the strongest fundamental positive for ABB currently: order growth is significantly ahead of revenue growth, which can support future revenue. Balance Sheet ABB has an exceptionally comfortable balance sheet: Debt/Equity: around 0.02 ROE: roughly 19–22%, depending on the data period/source ROCE: around 28–30% Strong liquidity/cash position. So, debt is not a major concern. The stock is currently trading close to the ₹7,400 zone, after making a 52-week high near ₹7,925. Important levels Support: ₹7,390 ₹7,275 ₹7,000–₹7,100 zone Resistance: ₹7,660 ₹7,815 ₹7,925 The latest weekly technical view also identifies approximately ₹7,393 as immediate support and ₹7,662 as immediate resistance. A sustained close above ₹7,662 would strengthen the breakout setup. Technical Setup ₹7,660–₹7,815 is the crucial breakout zone. If ABB gives a strong closing above ₹7,815 with good volume, the stock can potentially move towards: ₹8,000 → ₹8,300 → ₹8,500 But if it breaks ₹7,275 on a closing basis, the short-term structure can weaken considerably.