ABB India witnessed a surge in its stock prices following robust Q4 results, marked by a 13% rise in profit after tax. The company reported its highest Q4 revenue in five years, accompanied by a significant 35% increase in total orders. During Wednesday's trading session, ABB India's share price soared over 6%, surpassing estimates for Q4 CY2023. The company, operating on a fiscal year from January to December, saw its share price open at an intraday low of ₹4,622.30 and reach a high of ₹4,799.95. Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, noted a strong gap-up opening in ABB India's stock prices, supported by heavy trading volumes at the start of the session. Anticipating continued momentum, Bhosale suggested the possibility of further upward movement with potential retests of recent highs around ₹4,950, with support levels at ₹4,650. In the fourth quarter ending December 31, ABB India reported a 13% increase in profit after tax (PAT) to ₹345 crore, primarily attributed to revenue growth. This marked a significant improvement from the previous fiscal year's October to December quarter PAT of ₹306 crore, as stated in the company's filings. The company's total revenue for the quarter rose from ₹2,427 crore to ₹2,757 crore compared to the same period last year, while total orders received surged by 35% to ₹3,147 crore. ABB India's orders for the full year 2023 amounted to ₹12,319 crore, reflecting a robust 23% increase over 2022. In its exchange filing, ABB India highlighted the strong performance, emphasizing the significant contributions from large orders, the highest-ever Q4 revenue in the past five years, and achieving an all-time high in PBT before exceptional items at 13%, driven by operational efficiency, distinctive offerings, and customer preferences.