Hitachi Energy India witnessed a strong rally, surging over 7% after Goldman Sachs reiterated its “Buy” rating and raised the target price to ₹13,350. The brokerage firm cited the company’s expanding order pipeline and improving margins as key drivers of this bullish outlook. As of 9:41 AM, the shares were trading 3.88% higher at Rs 12,659.90.
One of the primary growth catalysts is the increasing demand for High Voltage Direct Current (HVDC) equipment. Goldman Sachs expects Hitachi Energy India to benefit significantly from upcoming HVDC contracts, which could boost revenue in the coming years. Additionally, the company’s ongoing capacity expansion is set to enhance manufacturing capabilities, catering to both domestic and international markets. This move is anticipated to improve economies of scale, further strengthening profitability.
Reflecting its confidence in the company’s future prospects, Goldman Sachs has raised its EBITDA estimates for FY25E-FY27E by 10-50%.
Hitachi Energy India shares opened at ₹12,205.50, reaching a high of ₹13,150.00 and a low of ₹12,201.05. The stock remains volatile, trading significantly below its 52-week high of ₹16,549.95 but well above the 52-week low of ₹6,113.45.
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