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BHEL and Hitachi Energy India stocks surged after their consortium secured a contract from the Power Grid Corporation of India for establishing over 800 high voltage direct current (HVDC) terminal stations, facilitating renewable power evacuation from Gujarat to Maharashtra. Hitachi Energy is currently experiencing its highest backlog of ₹8,910 crore, ensuring strong revenue visibility for the next 24-26 months. As of 9:15 am, Hitachi Energy shares rose by 8.02% to ₹12,595.45, while BHEL shares increased by 1.23% to ₹244.19.
Maruti Suzuki, Cipla, and the Adani Group are among 139 companies releasing their Q2FY25 earnings today, with Cipla expected to see a modest profit rise and Maruti facing challenges from declining volumes. Bharti Airtel reported a significant 168% Y-o-Y profit increase, while Sun Pharma's net profit grew by 28%. Indian equity indices opened slightly lower after a positive previous session.
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