ABB India shares surge 10%. What’s fuelling the rally?

ABB India shares surged 10%, the stock's biggest single-day gain since May 2024, after ABB Global disclosed that India order inflows jumped 81% year-on-year in the June quarter. The rally was supported by ABB Global's stronger-than-expected Q2 performance, with EBITA rising 20% to $1.93 billion on revenue of $9.48 billion, while global new orders climbed 30% to $12.04 billion. Investors expect ABB India to mirror this momentum in its upcoming quarterly results, given the close historical correlation between parent and listed entity order growth.