Shares of ABB bounced back sharply after the company posted a net profit of Rs1931.19mn for the quarter ended December 31, 2008 as compared to Rs1807.88mn for the quarter ended December 31, 2007. Total Income has increased from Rs18648.02mn for the quarter ended December 31, 2007 to Rs22170.05mn for the quarter ended December 31, 2008. Quarter ended result is unaudited.
The scrip rose by 1.6% to Rs399 after hitting an intra-day high of Rs405 and a low of Rs365 and recorded volumes of over 23,00,000 shares on NSE.
