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HITACHI ENERGY Gains 4%; BSE POWER Index Down 0.5%
Tue, 25 Jun 12:53

HITACHI ENERGY Gains 4%; BSE POWER Index Down 0.5%Image source: hudiemm/www.istockphoto.com

HITACHI ENERGY share price has zoomed 4% and is presently trading at Rs 12,017.0.

Meanwhile, the BSE POWER index is at 7,874.7 (down 0.5%).

Among the top gainers in the BSE POWER index today are TORRENT POWER (up 1.3%) and ADANI ENERGY SOLUTIONS (up 0.3%).

INDIAN ENERGY EXCHANGE (down 2.0%) and KEC INTERNATIONAL (down 1.6%) are among the top losers today.

Over the last one year, HITACHI ENERGY has moved up from Rs 4,161.7 to Rs 12,017.0, registering a gain of Rs 7,855.3 (up 188.8%).

On the other hand, the BSE POWER index has moved up from 4,046.4 to 7,874.7, registering a gain of 94.6% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 238.7%), ADANI POWER (up 181.7%) and TORRENT POWER (up 127.8%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 77,788.4 (up 0.6%).

The top gainers among the BSE Sensex today are Axis Bank (up 2.5%) and HDFC Bank (up 2.1%). The most traded stocks in the BSE Sensex are ICICI Bank and HDFC Bank.

In the meantime, NSE Nifty is at 23,665.1 (up 0.5%). Axis Bank and HDFC Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,523.2 to 77,788.4, registering a gain of 14,265.2 points (up 22.5%).

HITACHI ENERGY Financial Update...

HITACHI ENERGY net profit grew 123.7% YoY to Rs 1,137 million for the quarter ended March 2024, compared to a profit of Rs 508 million a year ago. Net sales rose 27.1% to Rs 16,953 million during the period as against Rs 13,340 million in January-March 2023.

For the year ended March 2023, HITACHI ENERGY reported 53.8% decrease in net profit to Rs 939 million compared to net profit of Rs 2,034 million during FY22. Revenue of the company fell 8.5% to Rs 44,685 million during FY23.

The current Price to earnings ratio of HITACHI ENERGY, based on rolling 12 month earnings, stands at 311.0.

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