ABB India Ltd drops for fifth straight session

ABB India Ltd fell for a fifth straight session today. The stock is quoting at Rs 5537, down 1.27% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.08% on the day, quoting at 25216.7. The Sensex is at 82648.35, up 0.09%.ABB India Ltd has eased around 8.24% in last one month.Meanwhile, Nifty Energy index of which ABB India Ltd is a constituent, has increased around 1.26% in last one month and is currently quoting at 36308.5, down 0.06% on the day. The volume in the stock stood at 4.6 lakh shares today, compared to the daily average of 2.15 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 5559.5, down 0.94% on the day. ABB India Ltd tumbled 29.85% in last one year as compared to a 1.68% rally in NIFTY and a 16.08% fall in the Nifty Energy index.

The PE of the stock is 62.89 based on TTM earnings ending March 25.

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