Shares of ABB India climbed as much as 10% to Rs 7,923 on the BSE on Thursday before trimming some gains to trade around 7% higher after its global parent, ABB, reported a strong set of second-quarter results and disclosed robust order growth from the India region.
The key trigger for the rally was ABB Global's disclosure that order inflows from the India region surged 81% year-on-year during the June quarter, marking the strongest growth seen in several years. The India order inflow reported by ABB Global includes business from both its listed and unlisted entities in the country.
