Hitachi Energy India Ltd rises for third consecutive session

Hitachi Energy India Ltd gained for a third straight session today. The stock is quoting at Rs 31820, up 1.02% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.7% on the day, quoting at 22714.75. The Sensex is at 72914.51, up 0.74%. Hitachi Energy India Ltd has risen around 0.14% in last one month.

Meanwhile, Nifty Energy index of which Hitachi Energy India Ltd is a constituent, has risen around 2.8% in last one month and is currently quoting at 36594.65, up 0.86% on the day. The volume in the stock stood at 30906 shares today, compared to the daily average of 1.11 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 32000, up 1.36% on the day. Hitachi Energy India Ltd is up 81.34% in last one year as compared to a 9.53% drop in NIFTY and a 4.06% drop in the Nifty Energy index.

The PE of the stock is 117.83 based on TTM earnings ending June 26.