This multibagger energy stock may go up further in the next three months, claims the brokerage

Multibagger Stock Tips: Shares of Hitachi Energy India have given multibagger returns by rallying over 106% in one year. This stock has come up 38% in the last six months. Domestic brokerage and research firm HDFC Securities is also seeing a rise in this multibagger stock for the next three.

Hitachi Energy share price broke the downward sloping trendline with high volume on the daily chart. According to the brokerage house, the primary trend of the stock is positive as it is trading above its all important moving averages.

Suggesting Energy stock as its top e-margin positional pick, HDFC Securities has ‘Buy’ rating on Hitachi Energy with a target price of ₹2,850-3100 and a stop loss of ₹2,370 for a time horizon of up to three months. given.

Hitachi Energy India Limited (formerly known as ABB Power Products and Systems India Limited) is the Indian arm of Hitachi Energy – a global leader in power technology, providing a portfolio across all value systems.

The company partners with customers in utility, industry and transportation and infrastructure to plan, build, operate and maintain electrical infrastructure. Its technologies facilitate the transmission and distribution of bulk and distributed energy generated from conventional and renewable sources.

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