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HITACHI ENERGY Gains 6%; BSE POWER Index Up 0.3%
Wed, 3 Jul 9:59

HITACHI ENERGY Gains 6%; BSE POWER Index Up 0.3%Image source: asbe/www.istockphoto.com

HITACHI ENERGY share price has zoomed 6% and is presently trading at Rs 14,250.0.

Meanwhile, the BSE POWER index is at 7,927.3 (up 0.3%).

Among the top gainers in the BSE POWER index today are KEC INTERNATIONAL (up 5.5%) and TORRENT POWER (up 1.3%).

ADANI GREEN ENERGY (down 0.2%) and Power Grid Corp. (down 0.1%) are among the top losers today.

Over the last one year, HITACHI ENERGY has moved up from Rs 4,130.1 to Rs 14,250.0, registering a gain of Rs 10,120.0 (up 245.0%).

On the other hand, the BSE POWER index has moved up from 4,005.2 to 7,927.3, registering a gain of 97.9% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 238.3%), ADANI POWER (up 187.9%) and TORRENT POWER (up 146.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,046.9 (up 0.8%).

The top gainers among the BSE Sensex today are HDFC Bank (up 2.9%) and Axis Bank (up 2.0%). The most traded stocks in the BSE Sensex are HDFC Bank and SBI.

In the meantime, NSE Nifty is at 24,299.7 (up 0.7%). HDFC Bank and Axis Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,046.9, registering a gain of 14,841.8 points (up 22.8%).

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 368.8.


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