Hitachi Energy at new high on order win from railways, gains 11% in 3 days

The company has won orders worth over Rs 160 crore for its key electric components to support the electrification of the country's rail routes.

Shares of Hitachi Energy India hit a record high of Rs 2,949, up 4 per cent on Friday in an otherwise weak market after the company won orders worth over Rs 160 crore for its key electric components to support the electrification of the country’s rail routes. In comparison, the S&P BSE Sensex was down 0.82 per cent at 58,977 points at 11:14 am.

The stock has rallied 11 per cent in last three days and it has outperformed the market by surging 22 per cent in the past one month, as compared to a 5 per cent gain