Citi maintains Sell rating on ABB India ahead of results

Citi maintains Sell rating on ABB India ahead of results. The brokerage expects muted performance due to high base and lower rural demand. Revenue growth may be around 4-5% YoY, with margin pressure from inflation. Downgrade driven by near-term demand concerns and valuation.
📊 STOCKS: $ABB | 🏢 SECTOR: CapitalMarkets | #MEDIUMIMPACT #BrokerCall