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ABB India reports a 56% net profit jump, yet faces market dip due to foreign fund outflows.
ABB India's share price climbed 4.6% after reporting a 56% jump in net profit to Rs 528.4 crore for the December quarter.
Revenue rose 22% to Rs 3,364.9 crore, and EBITDA surged 57.6% to Rs 657.3 crore.
Analysts have a 'Buy' rating on the stock, with a target price of Rs 7,401.
ABB India's board also recommended a dividend of Rs 33.50 per share.
Despite the positive results, market sentiment was affected by foreign fund outflows, causing broader indices to decline.
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ABB India reporta un aumento neto de beneficios del 56%, sin embargo se enfrenta a una caída del mercado debido a las salidas de fondos extranjeros.