Buy ABB Ltd With Stop Loss Of Rs 790

Buy ABB Ltd With Stop Loss Of Rs 790Technical analyst Manoj Sachdeva of Hem Securities has maintained 'buy' rating on ABB Limited stock with a target Rs 836.

According to analyst, the investors can buy the stock with a stop loss of Rs 790

Mr. Sachdeva added that the stock can attain the said target within 3-4 trading sessions.

The stock of the company, on December 29, closed at Rs 802.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 968 and a low of Rs 686 on BSE.

Current EPS & P/E ratio stood at 13.98 and 57.12 respectively.

ABB has bagged deals valued at around $580 million from Svenska Kraftnat of Sweden and LITGRID turtas of Lithuania in order to supply a novel power transmission link between the Nordic and Baltic regions.

ABB Ltd will propose, direct, supply and commission two 700MW, ±300kV converter stations making use of its HVDC Light technology, first in Nybro, Sweden, and the second one in Klaipeda, Lithuania.

The deal also comprises the delivery as well as setting up of two 300kV underwater cables and land cables of the similar voltage in Sweden and Lithuania.

The project will be backed by EU funding and is planned to be finished by the nest five years (2015).