Technical analyst Hemen Kapadia has maintained 'sell' rating on ABB Limited stock an intra-day target of Rs 753.

According to analyst, the investors can sell the stock at Rs 761 with a stop loss of Rs 765.

The analyst also said that the stock will drop further, so it's better to sell it now.

Today, the stock of the company opened at Rs 770 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 968 and a low of Rs 686 on BSE.

Current EPS & P/E ratio stood at 13.98 and 55.09 respectively.

ABB has bagged a $39 million contract from the Saudi Electricity Company (SEC) for supply and setting up of 13.8 kV capacitor banks that will aid enhance effectiveness of power transmission and distribution in India's Eastern Province.

Under the agreement, the leading power and automation technology group will plan, engineer, supply, set up and commission equipment comprising 13.8 kV (kilovolt) capacitor banks for the subsisting substation infrastructure in 40 places, which will help to considerably lessen electricity losses and perk up the constancy and quality of power supply.

For the three month period ended Sep 2010, the company registered a decline of 86.15% in its net, which stood at Rs 115.07 million as against Rs 830.64 million for the same period of 2009.

Total income dropped 7.98% to Rs 13,523.761 million for July-September quarter.