Plan to double exports from India in next 3-5 years: ABB

Shares of ABB rallied over 15 percent, hitting all-time high of Rs 1396.70 intraday Thursday, after the company's management clarified that they have no plans to delist ABB India.

Shares of ABB  rallied over 15 percent, hitting all-time high of Rs 1396.70 intraday Thursday, after the company's management clarified that they have no plans to delist ABB India. In an interview to CNBC-TV18, Ulrich Spiesshofer, CEO, ABB, said the company is planning to double exports from India in next 3-5 years and exports are likely to form nearly 50 percent of India business.

ABB stock price

On December 04, 2014, at 14:12 hrs ABB was quoting at Rs 1315.55, up Rs 151.60, or 13.02 percent. The 52-week high of the share was Rs 1396.70 and the 52-week low was Rs 568.05.

The company's trailing 12-month (TTM) EPS was at Rs 9.58 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 137.32. The latest book value of the company is Rs 126.35 per share. At current value, the price-to-book value of the company is 10.41.

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