Hitachi Energy misses Q3 guidance by 67%, report analysts. Will the stock’s rally continue?

Hitachi Energy India is the priciest stock in its sector. At a PE multiple of 250x, it is expensive. But mutual funds and institutions are still its big buyers and believe that Hitachi Energy will benefit directly from India’s GDP growth rate – currently at 7.3%. Reason? The company is in the business of electrification and its main growth drivers are transmissions, renewables, and railways. Hitachi Energy, in its analyst conference call, said