Citi maintains Buy on Hitachi Energy with ₹46,700 target
after close1 source ↓written by the desknot a recommendation
- target price
- ₹46,700
- from the current
- 30.7%
- current price
- ₹35,745
- as of Q1FY27
- 3.5x
- capex
- ₹4,000 cr
Citi has reaffirmed a Buy rating on Hitachi Energy India, setting a target price of ₹46,700, indicating a potential upside of 30.7% from the current price of ₹35,745. The firm cites a robust order book-to-revenue ratio of 3.5x as of Q1FY27, ensuring strong execution visibility for future grid investments in India.
Additionally, ongoing ₹4,000 cr capex and a goal of achieving 30% export revenue by FY30 are expected to bolster long-term growth prospects.
Not investment advice. For informational purposes only.