HDFC Securities is now bullish on Hitachi Energy, formerly called known as ABB Power Products and Systems India Limited.

Stocks to buy: HDFC Securities bullish on THIS stock

On a standalone basis, ABB Power Products and Systems India’s net profit soared 621% to Rs 34.32 crore on a 9.06% decline in total revenue from operations to Rs 848.65 crore in Q3 FY22 over Q3 FY21.

ABB Power Products and Systems India Q3 FY22 PAT grows 7-fold to Rs 34 cr

ABB Power Products and Systems India standalone net profit rises 621.01% in the September 2021 quarter

ABB Power Products and Systems India Ltd, Mphasis Ltd, NLC India Ltd and Indiabulls Real Estate Ltd are among the other gainers in the BSE’s ‘A’ group today, 14 October 2021.

Mindtree Ltd leads gainers in ‘A’ group

Coal India Ltd, PTC India Financial Services Ltd, ABB Power Products and Systems India Ltd and Tata Power Company Ltd are among the other gainers in the BSE’s ‘A’ group today, 29 September 2021.

PTC India Ltd leads gainers in ‘A’ group

GE T&D India Ltd, Igarashi Motors India Ltd, Balaji Amines Ltd and ABB Power Products and Systems India Ltd are among the other gainers in the BSE’s ‘A’ group today, 26 August 2021.

Swan Energy Ltd leads gainers in ‘A’ group

Aster DM Healthcare Ltd, ABB Power Products and Systems India Ltd, CRISIL Ltd and Tata Elxsi Ltd are among the other gainers in the BSE’s ‘A’ group today, 17 August 2021.

Apollo Hospitals Enterprise Ltd leads gainers in ‘A’ group

The +/-800 kilovolt (kV), 6,000-megawatt (MW) link has the capacity to meet the electricity needs of more than 80 million people and stretches 1,800-kilometers to connect Raigarh in Central India to Pugalur in the southern state of Tamil Nadu.

ABB Power Products and Systems commissions India’s longest UHVDC transmission link

ABB Power Products and Systems India standalone net profit rises 49.54% in the June 2021 quarter

ABB Power Products and Systems India standalone net profit rises 35.16% in the March 2021 quarter

Hitachi ABB Power Grids in India (listed on the stock exchanges as ABB Power Products and Systems India Limited) has been awarded a project worth over ₹124 crore by Bharat Aluminum Company (BALCO), to

Hitachi ABB Power Grids bags ₹124-cr order from BALCO

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Hitachi Energy India Ltd, formerly ABB Power Products and Systems India Limited, is a power technology company. The Company’s power grids business consists of  grid automation, grid integration, high voltage products and transformers. 