India, April 24 -- The shares of this company are a power equipment manufacturer supplying the complete range of engineering products, solutions and services in areas of Automation and Power technology are in the spotlight after Nomura gave a Reduce target despite strong order inflows.

With a market capitalisation of Rs. 1,59,722 cr, the shares of ABB India Ltd were trading at Rs. 7537.35 per share, down from its previous close of Rs. 7570.20 per share. The stock has delivered returns of 32% over the past year, 45% year-to-date, 45% over the last six months, and 22% in the past month.

Cautious Stance Despite Strong Performance Nomura has maintained a "Reduce" rating on ABB India with a target price of Rs. 5,958, signaling 21% downside ...