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HITACHI ENERGY Gains 7%; BSE POWER Index Up 1.8%
Wed, 9 Oct 13:36

HITACHI ENERGY Gains 7%; BSE POWER Index Up 1.8%Image source: DNY59/www.istockphoto.com

HITACHI ENERGY share price has zoomed 7% and is presently trading at Rs 14,958.6.

Meanwhile, the BSE POWER index is at 8,436.5 (up 1.8%).

Among the top gainers in the BSE POWER index today are TORRENT POWER (up 6.3%) and Siemens (up 4.2%).

ADANI ENERGY SOLUTIONS (down 1.7%) and ADANI GREEN ENERGY (down 0.5%) are among the top losers today.

Over the last one year, HITACHI ENERGY has moved up from Rs 3,940.6 to Rs 14,958.6, registering a gain of Rs 11,018.0 (up 279.6%).

On the other hand, the BSE POWER index has moved up from 4,469.4 to 8,436.5, registering a gain of 88.8% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 166.6%), Siemens (up 116.9%) and BHEL (up 110.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,785.0 (up 0.2%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.6%) and SBI (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,098.7 (up 0.3%). Tata Motors and Trent are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.4 to 81,785.0, registering a gain of 16,272.6 points (up 24.8%).

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 369.0.


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