Hitachi Energy, CG Power, and Siemens Energy are set to benefit from rising power sector investments. An InCred Equities report said, "Themes like urbanisation, industrialisation, electrification and automation, are likely to support the demand." While CG Power shares fell 0.63% to ₹856.60, Siemens Energy shares fell 2.78% to ₹3101.45 recently.
Hitachi Energy vs CG Power vs Siemens Energy: Hitachi Energy India, Siemens Energy India, CG Power and Industrial Solutions Limited are likely to be among beneficiaries in the power transmission and distribution market because of capex investment. Themes like urbanisation, industrialisation, electrification and automation, are likely to support the demand in the segment, according to InCred Equities report.
For investors who are planning to add power transmission and distribution theme stocks in their portfolio, here is a comparison of growth projections and stock outlook of Hitachi Energy, CG Power and Siemens Energy.
CG Power and Industrial Solutions share price closed 0.63% lower at ₹856.60 per share, with an Mcap of ₹1,34,954.62 crore. The stock's return on equity (ROE) stood at 37.41%. The stock has delivered nearly 12.56% return in one year, 6.75% return in two years and around 107% return in three years.
Siemens Energy India share price closed 2.78% lower at ₹3101.45 per share on BSE with an MCap of ₹1,10,448.99 crore. The stock has declined 4.30% in one year.
CG Power's profit after tax (PAT) is likely to grow 28.6% on a year-on-year (YoY) basis in the quarter ending in September. Revenue from operation may increase 24.4% on a yearly basis, as per the brokerage report.
Siemens Energy's profit after tax (PAT) may increase 44.7% on a yearly basis, and revenue may surge 46.0% on YoY basis.