Shares of ABB India fell over 5% after the company reported its Q3CY24 earnings, which missed market expectations. The company's shares hit an intraday low of Rs 6,994.05 per share on Tuesday. ABB India's management provided cautious commentary, indicating that while there is momentum in base orders and an uptick in large contracts, the conversion rate from order booking to revenue may not be at the same velocity due to large orders. The company also mentioned a healthy quarterly order inflow band of Rs 2,500-3,000 crore but noted it is difficult to predict when it will reach Rs 4,000 crore. Despite the earnings miss, margins are likely to improve year-over-year, aided by a better product mix, share of services, and operating leverage.