Meanwhile, the BSE Sensex was up 151.84 points, or 0.92%, to 16,631.42.
On BSE, 3,550 shares were traded in the counter as against an average daily volume of 16,011 shares in the past one quarter.
The stock hit a high of Rs 744 and a low of Rs 728.50 so far during the day. The stock had hit a 52-week high of Rs 915 on 17 February 2012. The stock had hit a 52-week low of Rs 541.10 on 20 December 2011.
The stock had underperformed the market over the past one month until 9 May 2012, falling 8.77% compared with the Sensex`s 4.31% fall. The scrip had also underperformed the market in past one quarter, sliding 14.05% as against 7.58% fall in the Sensex.
The large-cap company has an equity capital of Rs 42.38 crore. Face value per share is Rs 2.
ABB`s net profit fell 20% to Rs 47.64 crore on 0.5% fall in net sales to Rs 1773.04 crore in Q1 March 2012 over Q1 March 2011.
ABB said it received orders worth Rs 1632 crore in Q1 March 2012, compared with an order intake of Rs 1695 crore in Q1 March 2011. While the businesses relating to power sector continued to grow, those dependant on systems business from the industry were impacted due to poor market sentiments primarily driven by over capacities and high cost of capital, the company said in a statement.
The company`s order backlog stood at Rs 9028 crore at the end of March 2012 as against Rs 8329 crore for the corresponding period in 2011. With this strong order backlog, the revenues of the company for the coming quarters remain secured, ABB said.
The revenue in Q1 March 2012 was Rs 1773 crore compared to Rs 1781 crore in Q1 March 2011. Company continued to focus on operational excellence, supply chain management, project management and engineering to improve its competitiveness.
ABB said the earnings were adversely impacted by the volatility in forex in the current quarter. The forex loss in Q1 March 2012 was Rs 33 crore against a forex gain of Rs 3 crore in Q1 March 2011.
ABB is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 135,000 people.
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