{"id":1876,"date":"2020-06-22T21:22:54","date_gmt":"2020-06-22T21:22:54","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=1876"},"modified":"2020-06-22T21:22:54","modified_gmt":"2020-06-22T21:22:54","slug":"abb-india-faces-covid-19-impact-in-first-quarter-stock-ends-higher-today","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=1876","title":{"rendered":"ABB India faces Covid-19 impact in first quarter; stock ends higher today"},"content":{"rendered":"<p><\/p>\n<div id=\"story_card\">\n                                                <!--read more button--><\/p>\n<p>                                                <!--read more button--><br \/>\n                                                <!--start Current story content--><\/p>\n<div class=\" current_content serif\">\n<div style=\"text-align: justify;\">\n<div style=\"display:inline; float: ;\">\n\t\t<a href=\"https:\/\/www.indiainfoline.com\/company\/abb-india-ltd\/242\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" align=\"left\" alt=\"Stock Market Trader, Stock Trader, Trading\" class=\"imgCont\" height=\"233\" src=\"https:\/\/content.indiainfoline.com\/_media\/iifl\/img\/article\/2018-11\/29\/full\/1543482166-5093.jpg\" style=\"margin: 5px;\" title=\"Stock Market Trader\" width=\"350\"\/><\/a><\/div>\n<p>\t<a href=\"https:\/\/www.indiainfoline.com\/company\/abb-india-ltd\/242\" target=\"_blank\" rel=\"noopener noreferrer\">ABB India Limited<\/a> informed the exchanges Monday that there is an impact on the company&#8217;s performance in April-June quarter consequent to Covid-19 pandemic spread and lockdown mandated by the government across the country since March 24, 2020.<\/p>\n<p>\u201cThe real impact could be assessed only when the company finalizes its financial performance for April-June quarter and announces the results to the public in end July 2020,\u201d the company said.<\/p>\n<p>After halting its operations since last week of March the company opened up its manufacturing activities in its locations across the country effective middle of May 2020 as per the directives of MHA wherein some relaxation was announced. It ramped up initially to 50-60% capacity after putting in place the due safety precautions and standard norms and processes prescribed by the MHA and the respective State Governments.<\/p>\n<p>\u201cThe company would further ramp up its manufacturing activities in line with the demand pick up and supply chain stabilization going forward.\u201d company said.<\/p>\n<\/div>\n<p>\nABB India Ltd trade ended at Rs833 up by Rs20.5 or 2.52% from its previous closing of Rs812.50 on the BSE.                                                    <!--start sk\n                                                    \n\n<div>\n                                                        \n\n<div class=\"clearfix\"><\/div>\n\n\n                                                        \n\n<div class=\"col-lg-5 col-md-4 col-sm-5 col-xs-4\">\n\n<div class=\"loading large-image-loading \"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-7 col-md-8 col-sm-7 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