ICICI Direct has given Buy recommendation for ABB India with a target price of Rs. 3275 in its research report issued on Aug 11, 2022

ICICI Direct’s research report on ABB India

ABB India (ABB) is a leader in technology solutions connecting software to its electrification, robotics, automation and motion portfolio. It operates in mainly three key segments including robotics & motion (41%), electrification (38%), industrial/ process automation (22%) • Well placed to gain from the overall energy market transformation from electrification to automation & digitization.

Outlook

We remain long term positive and retain our BUY rating on the stock. We value ABB at Rs 3275 (75x on CY23E EPS).

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