Mumbai, December 4 (Udaipur Kiran): Shares of ABB India were trading higher on the BSE on Wednesday after the company announced the launch of its new ACS380-E machinery drive. The stock was trading at Rs. 5,168.95, up by Rs. 44.80 or 0.87 per cent from its previous closing of Rs. 5,124.15.

The scrip opened at Rs. 5,122.40 and touched an intra-day high of Rs. 5,180.00 and a low of Rs. 5,095.00. A total of 3,116 shares were traded on the counter during the session.

The BSE Group ‘A’ stock with a face value of Rs. 2 has touched a 52-week high of Rs. 7,959.90 on December 17, 2024, and a 52-week low of Rs. 4,590.05 on April 7, 2025. Over the last one week, the stock moved between a high of Rs. 5,263.60 and a low of Rs. 5,088.50. The company’s current market capitalisation stands at Rs. 1,09,534.38 crore.

Promoters hold 75.00 per cent stake in the company, while institutional and non-institutional investors hold 16.60 per cent and 8.40 per cent respectively.

ABB India has launched the ACS380-E drive, the latest addition to its compatible drive portfolio. The new drive is designed for automation-centric machine building and aims to simplify machine integration while supporting future industrial automation needs. It offers advanced connectivity, improved flexibility and easier commissioning.

The drive has been engineered for industrial machinery applications across sectors such as textiles, cable and wire, plastics and intralogistics. It is equipped with embedded dual Ethernet ports and selectable protocols as standard, reducing the need for additional modules. The ACS380-E supports common rotary motor types across global voltage ranges from 100 to 600 volts.

ABB India is a global technology company focused on advancing productivity and sustainability across industry and infrastructure.

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