POWERIND
from 32,600 today
We initiate coverage of HEIL with a Buy rating and a TP of INR40,030, driven by robust growth prospects from multiple structural themes including a transmission investment supercycle and data center boom.
Hitachi Energy’s 1Q result was ahead of estimates with a sharp beat on revenue and PAT, driven by strong execution and order inflows. However, at current valuations, we reiterate our Neutral rating with a revised target price of INR36,000, awaiting better entry price points.
Hitachi Energy's 1Q result was ahead of estimates with a sharp beat on both revenue and PAT. The stock trades at valuations that capture large HVDC order wins every year, leading us to reiterate our Neutral rating with a revised target price of INR36,000.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
