Hitachi Energy India Ltd (POWERINDIA)

Hitachi Energy India Stock Soars 14% to Record High - 16 May, 2024

Shares of Hitachi Energy India surged 14%, hitting a fresh 52-week high of ₹12,379.60 per share on NSE. The company is expected to announce its earnings for the quarter and financial year ending March 31, 2024, on May 21. The stock has crossed the ₹51,000 crore market cap.

Hitachi Energy India Shares Reach 52-Week High - 01 May, 2024

Hitachi Energy India's shares reached a 52-week high price of ₹9,895.55 per share on April 30, 2024, after announcing plans to establish additional global capability centers in India and securing orders worth over Rs 160 crore for its key electric components. The company reported a significant increase in operational revenue and net profit YoY. Hitachi received major orders worth ₹12.4 billion in Q3FY24, focusing on solar, wind energy, data centers, and transmission.

Hitachi Energy India Shares Soar on Expansion Plans - 25 Apr, 2024

Shares of Hitachi Energy India surged by 18.89% to hit a one-year high of Rs 9,765.30 following the company's announcement of opening more global capability centers in India to expand operations amid growing energy demand and push for renewable energy generation.

Hitachi Energy India Outperforms with 11% CAGR - 24 Apr, 2024

Hitachi Energy India, a subsidiary of Hitachi Energy, has achieved an 11% compound annual growth rate (CAGR), outperforming the single-digit energy market in India. The company is optimistic about future growth prospects due to infrastructure projects announced by the government. Hitachi Energy Technology Services plans to establish Global Capability Centers in Hyderabad and Pune over the next year. Hitachi Energy India has also set up a Smart Electric Grid Laboratory at NIT Warangal for CSR purposes.

Goldman Sachs Expects Up to 25% Upside for Hitachi Energy India Ltd - 23 Apr, 2024

Hitachi Energy India Ltd is one of the two stock picks by Goldman Sachs in the Power Transmission and Distribution (T&D) space. The company's positioning as a pure upstream manufacturing beneficiary of India's energy transition, with tech leadership in high voltage equipment and highly indigenized manufacturing capabilities, makes it an attractive investment option. The 12-month target price of Goldman Sachs for Hitachi Energy share at ₹8,250 indicates some more upside for the stock trading at ₹7998 levels.

Goldman Sachs Bullish on Hitachi Energy India - 20 Apr, 2024

Hitachi Energy India is viewed as a pure upstream manufacturing play on India's energy transition, with significant indigenisation in the country. Goldman expects it to benefit from India's $105 billion grid capex estimate for FY24-32 and estimates its TAM size could be as much as $50 billion. It also sees opportunities outside of the grid sector, estimating a relevant TAM of over $20 billion.

Hitachi Energy India Ltd Shares Gain 27% in 30 Days - 19 Apr, 2024

Hitachi Energy India Ltd's shares have gained 27% in the last thirty days, with an annual gain of 159%. The company's P/S ratio is high at 7.2x despite relatively sluggish revenue growth. Investors may be setting themselves up for disappointment if the P/S falls to levels more in line with the growth outlook.

Goldman Sachs Rates Hitachi Energy India as Buy - 18 Apr, 2024

Hitachi Energy India receives a buy rating from Goldman Sachs with a 12-month target price of ₹8,250 per share. The company's technological leadership in high-voltage equipment and highly indigenized manufacturing capabilities position it for growth amid tailwinds such as grid digitalization and global supply chain diversification.