ABB India Ltd. has declared a bumper special dividend of Rs 90 per share with face value of Rs 2 each, after posting a modest uptick in its net profit for the second quarter of the calendar year 2026. "This is to inform you that the Board of Directors of the Company at its Meeting held on July 31, 2026, declared a special dividend of Rs.90/- per share (Rupees Ninety only) i.e.(4500%) on 21,19,08,375 equity shares of face value of Rs.2/- each fully paid up for the financial year 2026," the company stated in an exchange filing. Further, ABB India has set Friday, August 7, 2026 as the record date to determine the eligible shareholders for the dividend payout. The dividend will be paid to the eligible shareholders on or before August 29, 2026, the company informed. ABB India reported a 3% year-on-year rise in net profit to Rs 362 crore from Rs 352 crore for the second quarter of calendar year 2026. Revenue increased 21% to Rs 3,559 crore from Rs 2,940 crore, while ...
Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on private banking, energy utilities, automotives, diversified conglomerates, and non-banking financial services.
Top picks include private lender Federal Bank, state-owned natural gas major GAIL (India), automotive heavyweight Eicher Motors, diversified conglomerate Grasim Industries, and gold loan financier Manappuram Finance.
Federal Bank
Ajit Mishra, SVP-Research at Religare Broking, noted technical strength in the private banking space. He recommended a buy on Federal Bank at the current market price of Rs 317.1 for a target of Rs 335, advising traders to maintain a stop loss at Rs 307. (Disclaimer: https://religareonline.com/disclaimer)
GAIL
Vinay Rajani, Senior Technical Research Analyst at HDFC Securities, highlighted a positive breakout setup in the utilities sector. He recommended a buy on GAIL (India) Ltd. at Rs 175 for a target of Rs 180, advising traders to maintain a stop loss at Rs 172.
Eicher Motors
Ruchit Jain, Vice President, Equity Technical Research, Wealth Management at Motilal Oswal Financial Services Ltd, tracked steady accumulation pattern in the automotive counter. He recommended a buy on Eicher Motors Ltd. for a target of Rs 7900, advising traders to maintain a stop loss at Rs 7470.
Grasim
Ruchit Jain, Vice President, Equity Technical Research, Wealth Management at Motilal Oswal Financial Services Ltd, identified strong structural support in the large-cap conglomerate space. He recommended a buy on Grasim Industries Ltd. for a target of Rs 3300, advising traders to maintain a stop loss at Rs 3100.
Manappuram
Nilesh Jain, Head AVP- Technical & Derivatives Research (Equity Research) at Centrum Broking Ltd, observed short-term momentum building up within non-banking financial services. He recommended a buy on Manappuram Finance Ltd. for a target of Rs 331, advising traders to maintain a stop loss at Rs 310.
Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.
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