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HITACHI ENERGY Gains 4%; BSE POWER Index Up 0.2%
Tue, 16 Jul 9:33

HITACHI ENERGY Gains 4%; BSE POWER Index Up 0.2%Image source: peterschreiber.media/www.istockphoto.com

HITACHI ENERGY share price has zoomed 4% and is presently trading at Rs 12,517.9.

Meanwhile, the BSE POWER index is at 8,117.3 (up 0.2%).

Among the top gainers in the BSE POWER index today are ADANI ENERGY SOLUTIONS (up 3.1%) and ADANI GREEN ENERGY (up 2.8%).

TORRENT POWER (down 0.5%) and Power Grid Corp. (down 0.5%) are among the top losers today.

Over the last one year, HITACHI ENERGY has moved up from Rs 4,205.4 to Rs 12,517.9, registering a gain of Rs 8,312.5 (up 197.7%).

On the other hand, the BSE POWER index has moved up from 4,065.0 to 8,117.3, registering a gain of 99.7% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 244.2%), ADANI POWER (up 198.7%) and NHPC (up 145.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,774.2 (up 0.1%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.0%) and Maruti Suzuki (up 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,622.5 (up 0.2%). BPCL and HDFC LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,393.9 to 80,774.2, registering a gain of 15,380.3 points (up 23.5%).

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 323.9.


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