ABB India rises on launching home automation system ‘free@home’

29 May 2015 Evaluate

ABB India is currently trading at Rs. 1352.80, up by 7.05 points or 0.52% from its previous closing of Rs. 1345.75 on the BSE.

The scrip opened at Rs. 1386.80 and has touched a high and low of Rs. 1386.80 and Rs. 1347.00 respectively. So far 1317 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1525.00 on 19-Feb-2015 and a 52 week low of Rs. 897.05 on 30-May-2014.

Last one week high and low of the scrip stood at Rs. 1423.00 and Rs. 1334.15 respectively. The current market cap of the company is Rs. 28672.26 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 17.07% and 7.93% respectively.

ABB India has launched free@home, the intelligent home automation system, at Elasia in Mumbai. This easy-to-install solution brings together the controls of lighting, temperature control, blinds and security of the entire household on a single interface - smart phone, tablet or computer. The plug and play free@home solution is intuitive and flexible for adaption by end user. The system can continuously adapt to changing requirements, thus ensuring security for the future.

This is a state of the art development in the segment that will make home automation accessible to more individuals and families, while providing a business opportunity for electrical installers.

For end users, the solution enables time saving, energy efficiency and safety. Installation of ABB-free@home is convenient as no investment in new software is required. Until now, such investment in equipment, software and training had kept many installers from entering the home automation market.

ABB India is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact.

 

ABB India Share Price

6960.00 36.20 (0.52%)
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Apar Inds 10169.40
Waaree Energies 2931.95
ABB India 6960.00
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