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Broker call▲ Bullish for Hitachi Energy India
Jefferies strategist identifies energy as India’s leading structural growth story
The brief
- Jefferies’ Chris Wood named Hitachi Energy India as a picks-and-shovels play
- Wood sees India’s energy sector as a promising arena for growth
- Energy investment themes may benefit Hitachi Energy India, JSW Energy and other power-sector stocks
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| COALINDIA | Fri, 25 Sept | +1.0% | +0.6% | 0.4× | +1.0% · Nifty +0.3% |
| IOC | Fri, 25 Sept | −0.4% | −0.8% | 1.0× | −0.4% · Nifty +0.3% |
| JSWENERGY | Fri, 25 Sept | −0.7% | −1.0% | 0.9× | −0.7% · Nifty +0.3% |
| POWERINDIA | Fri, 25 Sept | +1.0% | +0.7% | 1.5× | +1.0% · Nifty +0.3% |
| SOLARINDS | Fri, 25 Sept | +1.4% | +1.0% | 0.5× | +1.4% · Nifty +0.3% |
✓ Classifier read this as positive; SOLARINDS rose 1.0% against the Nifty on the day it traded.
Chris Wood’s India long-term portfolio
Jefferies’ Christopher Wood sees energy as a structural growth opportunity in India and identifies Hitachi Energy India as a picks-and-shovels play. Jefferies rates the stock “buy” with a ₹45,790 target; Wood’s India portfolio has 22 stocks and focuses on private investment, energy and manufacturing.
Saturday, 26 September
Friday, 25 September
- Jefferies strategist identifies energy as India’s leading structural growth story