Technical Check On The ABB India. Strong Upside Expected In ABB India. New Target Price: Rs 5,000/Sh

Following better-than-expected earnings, ABB India's stock has surged by almost 10%. Nilesh Jain, AVP of Technical Research at Centrum Broking, says that the stock has reclaimed its 50-day moving average and forecasts a potential upward trajectory towards Rs 5,000. He asserts the stock's strength is evident, suggesting a stop loss at Rs 4,650 with a potential upside movement targeting Rs 5,000 and beyond.