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HITACHI ENERGY Gains 5%; BSE POWER Index Up 0.7%
Wed, 25 Sep 9:48

HITACHI ENERGY Gains 5%; BSE POWER Index Up 0.7%Image source: DNY59/www.istockphoto.com

HITACHI ENERGY share price has zoomed 5% and is presently trading at Rs 13,418.9.

Meanwhile, the BSE POWER index is at 8,756.5 (up 0.7%).

Among the top gainers in the BSE POWER index today are Power Grid Corp. (up 2.8%) and KEC INTERNATIONAL (up 2.5%).

INDIAN ENERGY EXCHANGE (down 2.3%) and ADANI POWER (down 0.7%) are among the top losers today.

Over the last one year, HITACHI ENERGY has moved up from Rs 4,180.2 to Rs 13,418.9, registering a gain of Rs 9,238.7 (up 221.0%).

On the other hand, the BSE POWER index has moved up from 4,622.9 to 8,756.5, registering a gain of 89.4% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 165.0%), BHEL (up 125.6%) and ADANI GREEN ENERGY (up 103.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,948.1 .

The top gainers among the BSE Sensex today are Power Grid Corp. (up 2.8%) and M&M (up 2.4%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,939.5 . Tata Consumer Products and Tech Mahindra are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 84,948.1, registering a gain of 18,924.4 points (up 28.7%).

HITACHI ENERGY Financial Update...

HITACHI ENERGY net profit grew 332.4% YoY to Rs 104 million for the quarter ended June 2024, compared to a profit of Rs 24 million a year ago. Net sales rose 27.6% to Rs 13,272 million during the period as against Rs 10,401 million in April-June 2023.

For the year ended March 2024, HITACHI ENERGY reported 74.4% increase in net profit to Rs 1,638 million compared to net profit of Rs 939 million during FY23. Revenue of the company grew 17.2% to Rs 52,375 million during FY24.

The current Price to earnings ratio of HITACHI ENERGY, based on rolling 12 month earnings, stands at 331.1.


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