05 Sep 2024

ABB India Unveils Innovative Wireless Home Automation Solutions

ABB India's shares are currently trading at Rs. 7644.75, marking a slight rise of 2.50 points or 0.03% from its previous close of Rs. 7642.25 on the BSE.

The stock opened at Rs. 7674.90, reaching a peak of Rs. 7679.85 and a low of Rs. 7611.05. With 2115 shares exchanged so far, ABB India's BSE group 'A' stock, valued at Rs. 2 per share, previously hit a 52-week high of Rs. 9200.00 on June 18, 2024, and a 52-week low of Rs. 3847.50 on October 26, 2023. Over the past week, the stock has fluctuated between Rs. 7959.50 and Rs. 7580.00. The company’s current market capitalization stands at Rs. 1,61,467.82 crore. The promoter's shareholding in the company is 75%, while institutional and non-institutional investors hold 17.69% and 7.31%, respectively.

ABB India has recently introduced ABB-free@home, a cutting-edge wireless home automation system aimed at enhancing convenience, safety, and energy savings in residential spaces. This advanced system enables users to control various elements, including white goods, third-party devices, and EV chargers, via a unified interface.

A key feature of ABB-free@home is the Matter Bridge Add-on, which is based on the emerging Matter standard for smart home connectivity. This allows for seamless interaction between a wide range of smart devices, offering flexibility and customization for users looking to expand their smart home ecosystem.

Compatible with platforms like Apple HomeKit, Google Home, Amazon Alexa, and Samsung SmartThings, the system can also work with appliances and audio systems from leading brands such as Philips Hue, LEDVANCE, Sonoro, Miele, and Sonos, providing a versatile and user-friendly experience.

ABB India, a global leader in technology, is driving societal and industrial transformation for a more productive and sustainable future.