ABB shares drop 8% in 2 days after Q1 profit fell 21%
ABB shares dropped 8% in two days after Q1 profit fell 21% to ₹351 crore, pressured by margin contraction. SEBI analyst Vatsal Khemka sees ₹5,034 as crucial support and a ₹6,000 medium-term target. Despite short-term weakness, the company remains bullish on India's energy and automation sectors.