Hitachi Energy India Stock Gets Buy Call From Macquarie; Check Target Price and Rationale
India, Oct. 16 -- The shares of the large-cap company, which specializes in power technologies and electricity transmission and distribution infrastructure, are in focus after Global Brokerage firm Macquarie issued a Buy target with upside potential of 34 percent.
With a market capitalisation of Rs. 1,28,052.16 crore in the day's trade, the shares of Hitachi Energy India Ltd declined upto 5.5 percent, making a low of Rs. 28,641.00, compared to the previous close of Rs. 30,315.25.
What Happened
Hitachi Energy India Ltd shares are in the spotlight after a global brokerage firm, Macquarie, maintained an "Outperfrom" rating on the stock with a target price of Rs. 38,500. The target implies an upside potential of around 34.4 percent from the...
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