With its core business in power and automation technologies, ABB is one of the largest engineering companies in the world. It manufactures high and low voltage products, and transformers.
The company was incorporated on December 24, 1949 as Hindustan Electric Company Ltd. The company's name was changed to Hindustan Brown Boveri Limited (HBB) in 1965. Following the amalgamation of HBB with Asea Limited, the name further changed to Asea Brown Boveri Limited (ABB) with effect from October 13, 1989.
ABB continues to bring value to the customers in India through its cutting-edge technology, domain expertise and project-execution ability.
Keeping in pace with the global economic trends, ABB has also effected radical changes in its business model, management and qualitative aspects. But will the company be able to contribute in global innovations and technological transfers this year? Ganesha takes a look
Share Holding Pattern (in %)
Government institutions: 19.3
Foreign holdings: 14.59
Directors and their relatives: 52.11
Corporate bodies: 2.32
Others, including people of India: 11.67
In the shabdal chart of ABB, all the stars except Sun are in strengthening position. In the natal chart of ABB, Sun-Mercury-Mars are in conjunction in the 1st House or Ascendant, which is favourable. As Mars is well-posited in the 1st House and Uranus in the 4th House, the demand of ABB's every product is high every time it hits the market. This creates a strong base for ABB to market its products.
Saturn under affliction may yield unfavourable results after September 9, 2009. This period may also cause tendencies of indiscipline and discontentment among workers, which can affect the company's standing. Workers, frustrated because of company's apathy towards their financial woes, may resort to protests. Detractors in the management may instigate employees to take advantage of the situation.
Any imbalance in the interplay of the below stated forces can result in chaos.
The company should worship Shri Yantra on a daily basis to bring the elements in harmony.
For Short-Term - Buy
For Mid-Term Period - Hold
For Long-Term Period - Strong Buy
The GaneshaSpeaks Team