ABB India inches up on launching Innovative Wireless Home Automation Solutions
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ABB India is currently trading at Rs. 7644.75, up by 2.50 points or 0.03% from its previous closing of Rs. 7642.25 on the BSE.
The scrip opened at Rs. 7674.90 and has touched a high and low of Rs. 7679.85 and Rs. 7611.05 respectively. So far 2115 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 9200.00 on 18-Jun-2024 and a 52 week low of Rs. 3847.50 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 7959.50 and Rs. 7580.00 respectively. The current market cap of the company is Rs. 161467.82 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.69% and 7.31% respectively.
ABB India has launched ABB-free@home in India, a Smart Home automation system with enhanced interoperability. This cutting-edge and comprehensive wireless home automation solution is designed to enhance comfort, security, and energy efficiency for the residential segment. It allows users to integrate and control additional elements such as white good appliances, third party devices as well as EV chargers, through a single interface.
The ABB-free@home system includes a Matter Bridge Add-on. Matter is an emerging, open-source connectivity standard for smart homes, allowing for seamless cross-functionality with a wide variety of smart devices. This allows users to expand and customize their smart home setups by integrating various devices and appliances as part of a unique ecosystem.
ABB-free@home can be integrated with platforms like Apple HomeKit, Google Home, Amazon Alexa, and Samsung SmartThings. Designed to be user-friendly, this intuitive system is also compatible with household appliances and sound systems from brands like Philips Hue, LEDVANCE, Sonoro, Miele, HomeConnect, Faber, CoolAutomation, Sonos, making it even more versatile and convenient for users.
ABB India is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future.
