Recommendation: ABB

ABB: BSE code: 500002 Volume: 22641

ABB is one of the world’s leading engineering companies and a leader in power and automation technologies. The company operates in more than 100 countries and has offices in 87 of those countries. Few of the big players in the market have put a buy call on the counter with short to medium-term outlook which might result in increase in the volume in the counter. As per few leading brokers, the counter might witness increase in the investor’s interest on account of the sharp correction that has happened in the last few weeks. Further, the broking community has shown a lot of interest in the scrip and started piling up the counter for quick returns. Therefore, investors eyeing for short term gain can take exposure in the counter.