ABB India shares 36% up in 2026: Time to buy? Rating upgrade boost and target price hike by Motilal Oswal - Details here

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ABB India reported an 11% rise in September-quarter profit to ₹440 crore and a 19.4% rise in revenue to ₹3,738 crore. Record order inflows rose 56% to ₹4,733 crore. Motilal Oswal upgraded the stock to Buy and set a target of ₹8,200, citing growth prospects and improving margins.

ABB India shares will be in focus on Monday, 16 November, after the electrification and automation major reported its September quarter results and received a rating upgrade from Motilal Oswal Financial Services. The brokerage has upgraded the stock to 'Buy' from 'Neutral', citing improving order inflows, revenue growth prospects and a recovery in margins. It has also raised its target price to ₹8,200 from its earlier estimate, implying an upside potential of around 16% from Friday's closing price.

The positive brokerage outlook comes even as the stock has witnessed some volatility in recent months. ABB India's Q3 CY26 performance, marked by record quarterly orders and a robust order backlog, has strengthened expectations of improved execution and earnings growth over the coming quarters.

ABB India reported an 11% year-on-year increase in net profit to ₹440 crore for the September quarter, compared with ₹398 crore in the corresponding period last year.

Revenue from operations rose 19.4% to ₹3,738 crore from ₹3,130 crore a year earlier, supported by stronger business activity and demand across key industrial segments.

The company recorded total order inflows of ₹4,733 crore in Q3 CY26, registering a sharp 56% year-on-year increase and marking its highest-ever quarterly order intake. Its order backlog stood at ₹12,927 crore at the end of September, up 36% from the year-ago period, providing revenue visibility for the coming quarters.

Electrification was the key growth driver, with orders increasing across segments. The Motion business also witnessed growth in select areas, particularly railways and services, while Automation reported higher export orders despite relatively muted performance.

Data centres, utilities, metals and mining, food and beverage, cement, and buildings and infrastructure emerged as key demand drivers during the quarter.

ABB India Managing Director Sanjeev Sharma said the company delivered a strong third quarter, supported by record order intake…

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