ABB global reported its Q2CY2022 numbersABB - 4787 Change: 40.20 (0.85 %)
News: ABB global reported its Q2CY2022 numbers yesterday and it has reported robust order inflows in India. Order inflows of Rs 3057 crores grew by 81% YoY vs Rs 1689 crores in Q2CY2021. And 33% grew by QoQ basis, as Rs 2291 crores of order inflow was in Q1CY2022.
Views: Strong customer activity seen across segments owing to broad-based recovery in industrial capex, favourable interest rates, China +1 strategy, strong initiatives by Government to support domestic manufacturing such as PLI.