ABB India shares fall 6% after global parent business update
ABB India shares dropped as much as 6% on Wednesday after ABB Global's quarterly update. According to CNBC-TV18, it was the stock's worst one-day fall in five months.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Shares of ABB India Ltd. fell as much as 6% on Wednesday, the stock's worst single-day decline in five months. The move followed a business update for the past quarter published by its global parent, ABB Global. Its commentary on the Indian market was upbeat but gave no figures, a contrast with the June quarter, when India order growth was reported at 81%.
Analysts expect India order intake for the September quarter at ₹4,400 crore, almost flat sequentially, with estimates ranging from ₹4,400 crore to ₹4,600 crore. InCred said the new ABB-Mitsubishi joint venture could weigh on exports, as it will target Malaysia, Thailand, Vietnam and Indonesia. ABB India reports quarterly results on November 13.
why it matters
Investors will watch margins and the segment mix closely. Of the 33 analysts tracking the stock, 14 rate it 'sell', nine 'buy' and ten 'hold'. Consensus price targets imply 7.6% upside from current levels. On Wednesday the shares traded 5.5% lower at ₹6,590, 17% below their recent 52-week high of ₹7,924, though they are still up 28% so far this year.
market impact
ABB India: weak order outlook and new JV pressure the stock
tags
instruments
sources
- Explained - Why a global parent update caused ABB India shares to fall 6% on Wednesday — CNBC-TV18, 21 October 2026 at 07:09 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗