Shares of Hitachi Energy India jumped over 7% to Rs 35,110.40 on the BSE on Monday, after reporting a 123.5% year-on-year (YoY) jump in its profit after tax to Rs 294.2 crore for the June quarter of FY26. Following the company’s Q1 results, released on Friday in a regulatory filing on the BSE, domestic brokerage firm Nomura initiated coverage on the stock with a Buy rating and set a target price of Rs 40,030 on Monday.
Implying a 23% upside, the brokerage expects EBITDA, revenue and PAT CAGRs of 38%, 48% and 45%, respectively, over FY26-29F. The growth outlook is supported by a robust existing order book, healthy order inflows across HVDC and ex-HVDC segments, rising T&D equipment demand driven by renewable energy capex and emerging segments such as data centres, along with margin expansion from better operating leverage.
