Indian equity markets could remain range-bound in Tuesday's session as the Nifty faces a crucial resistance zone around 23,520-23,550 amid persistent geopolitical uncertainty and elevated energy prices. This comes as GIFT Nifty rises 0.34% to 23,519.50 after Brent crude fell below $100. According to Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities, the 23,520-23,550 zone is likely to act as an important resistance area for the Nifty in the near term. "A sustained move above 23,550 could extend the ongoing pullback rally towards the 23,700 mark in the short term," Shah said. On the downside, the 23,330-23,300 zone is expected to provide crucial support. Shah said a breach below 23,300 could weaken the near-term structure and potentially result in the index resuming its corrective trend. Market participants are also keeping a close watch on crude oil prices and geopolitical developments, which could influence the sustainability of the recent re...
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 Ebitda rose 11.4% to Rs 447 crore from Rs 401 crore. The company's Ebitda margin narrowed to 12.6% from 13.6% a year earlier.
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ABB India Q2 CY2026 (YoY)
- Net profit up 3% to Rs 362 crore from Rs 352 crore
- Revenue up 21% to Rs 3,559 crore from Rs 2,940 crore
- Ebitda up 11.4% to Rs 447 crore from Rs 401 crore
- Margin down 100 basis points to 12.6% from 13.6%
ABB India Share Price
ABB India's stock settled 0.10% lower at Rs 7,284.50 apiece on the NSE on Friday. This compared to a 0.27% advance in the benchmark Nifty index on the last trading day of July.
The stock has surged 40.9% year-to-date and 32.21% in the last 12 months.
from NDTV News- Special https://ift.tt/pBNxnES
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