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HITACHI ENERGY Gains 8%; BSE POWER Index Down 0.1%
Tue, 26 Nov 9:21

HITACHI ENERGY Gains 8%; BSE POWER Index Down 0.1%Image source: phive2015/www.istockphoto.com

HITACHI ENERGY share price has zoomed 8% and is presently trading at Rs 12,389.9.

Meanwhile, the BSE POWER index is at 7,357.6 (down 0.1%).

Among the top gainers in the BSE POWER index today are ADANI ENERGY SOLUTIONS (up 2.0%) and KEC INTERNATIONAL (up 1.7%).

Thermax (down 1.0%) and TORRENT POWER (down 0.6%) are among the top losers today.

Over the last one year, HITACHI ENERGY has moved up from Rs 4,704.0 to Rs 12,389.9, registering a gain of Rs 7,685.9 (up 163.4%).

On the other hand, the BSE POWER index has moved up from 4,721.2 to 7,357.6, registering a gain of 55.8% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were Siemens (up 108.6%), TORRENT POWER (up 102.5%) and KEC INTERNATIONAL (up 77.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,406.3 (up 0.4%).

The top gainers among the BSE Sensex today are Bajaj Finance (up 1.1%) and HDFC Bank (up 0.9%). The most traded stocks in the BSE Sensex are ITC and HDFC Bank.

In the meantime, NSE Nifty is at 24,310.4 (up 0.4%). Infosys and Bharat Electronics are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.2 to 80,406.3, registering a gain of 14,383.1 points (up 21.8%).

HITACHI ENERGY Financial Update...

HITACHI ENERGY net profit grew 111.4% YoY to Rs 523 million for the quarter ended September 2024, compared to a profit of Rs 247 million a year ago. Net sales rose 26.5% to Rs 15,537 million during the period as against Rs 12,280 million in July-September 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 263.4.


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