ABB India Ltd eases for fifth straight session

ABB India Ltd fell for a fifth straight session today. The stock is quoting at Rs 5127.4, down 1.41% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.54% on the day, quoting at 24755.4. The Sensex is at 80723.46, down 0.54%.ABB India Ltd has gained around 2.54% in last one month.Meanwhile, Nifty Energy index of which ABB India Ltd is a constituent, has increased around 3.84% in last one month and is currently quoting at 35255.55, down 0.79% on the day. The volume in the stock stood at 1.24 lakh shares today, compared to the daily average of 2.33 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 5136.6, down 1.24% on the day. ABB India Ltd tumbled 36.96% in last one year as compared to a 5.44% slide in NIFTY and a 21.48% fall in the Nifty Energy index.

The PE of the stock is 61.23 based on TTM earnings ending June 25.

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