ABB India Ltd eases for fifth straight session

ABB India Ltd dropped for a fifth straight session today. The stock is quoting at Rs 4967.5, down 0.49% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 25609.05. The Sensex is at 83614.62, up 0.09%.ABB India Ltd has lost around 3.5% in last one month.Meanwhile, Nifty Energy index of which ABB India Ltd is a constituent, has increased around 1.77% in last one month and is currently quoting at 35921.6, down 0.03% on the day. The volume in the stock stood at 1.24 lakh shares today, compared to the daily average of 2.55 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 4958.5, down 0.7% on the day. ABB India Ltd tumbled 28.67% in last one year as compared to a 7.23% rally in NIFTY and a 4.76% fall in the Nifty Energy index.

The PE of the stock is 59.88 based on TTM earnings ending September 25.

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