25 March 2024: Here are some possible explanations:
- Market Correction: The broader market sentiment in India might be influencing ABB's share price. If the Sensex or Nifty 50 are experiencing a decline, ABB's price could be following suit.
- Sector Performance: The industrial or engineering sector, which ABB belongs to, might be underperforming compared to others. This could lead investors to sell shares in ABB or similar companies, driving the price down.
- Company-Specific Factors: It's also possible that there could be ABB-specific reasons that haven't gained widespread attention yet. These could include:
- Disappointing earnings reports
- Delays in project execution
- Loss of major contracts
- Management changes or controversies
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