NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Hitachi Energy India Ltd. shares are likely to remain in focus after ICICI Securities upgraded the stock to 'Buy' from 'Add' and raised its target price to Rs 40,000 from Rs 37,800 following a strong June-quarter performance and better-than-expected order inflows. The revised target implies an upside potential of around 23% from the current market price of Rs 32,600.
The brokerage said the power transmission equipment maker delivered a "strong start to the year," aided by robust growth in both earnings and new orders. Revenue rose 69% YoY to nearly Rs 2,500 crore in Q1FY27, while Ebitda margin expanded to 14.6%. Profit after tax more than doubled to about Rs 300 crore, reflecting operating leverage and healthy execution.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
