ABB India stock has corrected in the recent past to take into account this weakness and is currently trading at 48.2x/43.4x P/E on CY26/27 estimates, Motilal Oswal reiterates Buy.
ABB India has grown its revenue at a 20% CAGR over the last five years and has doubled its profits over the past four years, says Motilal Oswal.
ABB continues to see strong potential in segments such as chemicals, pharmaceuticals, automotive, power distribution, water, electronics, and data centers, all of which are expected to attract significant investments.
ABB remains focused on new areas of investment, such as green hydrogen, battery storage, and data centers.