Hitachi Energy Share Price Target: The share price of the company known for its AC and other consumer electronic products, Hitachi Energy, will be in focus in today’s trading session after brokerages reiterated a neutral view on the stock following its Q4 results.
In its quarterly results, the company reported a net profit of Rs 330.5 crore in the March quarter, reflecting a 79.7 per cent year-on-year increase. Additionally, revenue from operations increased by 46.2 per cent to Rs 2,754.1 crore, compared with Rs 1,883.7 crore a year ago. The company also announced a final dividend of Rs 8 per equity share. (Hitachi Energy Q4 Results)
Domestic brokerage firm Motilal Oswal has maintained a neutral call on the stock, despite raising its price target from Rs 27,000 to Rs 32,000 (an increase of 18.5 per cent). Despite this upward revision, the brokerage sees a downside of around 11 per cent from the current price level.
The brokerage noted that the company delivered a revenue and PAT beat, while EBITDA came in line with estimates. It highlighted that another round of capex will be required to support rising demand.
EPS estimates for FY27 and FY28 have been raised by 8 per cent and 6 per cent, respectively. Growth is expected to be driven by a strong domestic pipeline and a three-pronged export strategy.
Margin recovery is likely to come from better pricing and an improved product mix, along with a strong long-term CAGR outlook.
Despite a cautious outlook from Motilal Oswal, which maintained a neutral stance, the stock has continued to outperform significantly. It gained 7.79 per cent in one week and 11.73 per cent over one month, while delivering a sharp 94.69 per cent YTD return.
Longer-term performance remains even stronger, with gains of 120.26 per cent over one year, 853 per cent over three years, and an exceptional 1,812 per cent over five years.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
