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Shares of Hitachi Energy India Limited (Hitachi Energy India Limited) related to power generation have increased. Let us tell you that on Friday, the last trading day of the week, the company’s stock rose by about 3% during intraday trade. The rise in the company’s shares comes after the company won the deal. The company has won a contract from Ayana Renewable Power to provide grid connection solutions for the upcoming 300 MW solar photovoltaic power plant in Bikaner. After this, the stock of Hitachi Energy on BSE was earlier Rs. 4464.20 up 2.99% from a close of Rs. reached a high of 4,598.
Shares have gained 36.58% this year
Let us tell you that BSE But Hitachi Energy’s stock opened at Rs.4470. During this period a total of 2208 shares of the company worth Rs. 1 crore was traded. At the same time, the company’s market cap has grown to Rs 19,413 crore. Hitachi Energy stock is up 21.62% in one year and 36.58% since the start of this year. On the other hand, the shares of the company have increased by 6.35% in the last one month.
What will the company do?
Hitachi Energy India Limited will provide the engineering, procurement and construction management package for the plant. Through it, all the electricity generated at the plant will be collected and transferred to the national transmission system. Let us tell you that this project is going to start in March 2024. Hitachi Energy India Limited provides a complete range of engineering, products, solutions and services to its customers in the power sector.
Disclaimer: Information provided here is only about stock performance, not investment advice. Investment in stock market is subject to risk and please consult your advisor before investing.