Whalesbook
Okay, toh hua kya? IDBI Capital ne is stock par apni nazar dali aur kaha ki yeh khareedne layak hai. Unhone 'Buy' rating di aur target rakha hai ₹35,001 ka. Iska matlab hai ki current price se lagbhag 15.4% aur upar jaane ki capacity hai. Ye sab hua kaise? Kyunki company HVDC sector mein kaam karti hai, jisme India ko future mein kaafi growth dikh rahi hai. Analyst ko lagta hai ki yeh company FY28 ke baad bhi grow karti rahegi.
Aage kya hai sector mein?
Company ke paas filhaal ₹20,000 Crore se zyada ke HVDC orders hain aur India ki operational HVDC capacity mein inka share 48% hai. Kamaal ki baat toh ye hai ki FY25 se FY28 ke beech mein revenue 36% CAGR se badhne ki ummeed hai, EBITDA 67% aur PAT toh 76% tak grow kar sakta hai! Wah!
Aur yeh sirf company ka performance nahi, desh ka trend bhi support kar raha hai. Sarkar power transmission pe bahut paisa laga rahi hai. FY32 tak HVDC capacity ko 66.75 GW tak le jaane ka plan hai, jisme lagbhag ₹1.9 trillion lag sakte hain. JP Morgan ka estimate hai ki aane wale 5-6 saal mein HVDC sector mein ₹1.4 lakh Crore ka opportunity hai. Hitachi Energy ne khud bhi ₹2,500 Crore QIP se raise kiye hain, jisme se ₹2,000 Crore capacity badhane mein lagayenge.
Valuation ki chinta?
Ab yeh toh hui growth story. Lekin ek aur side hai. Pichhle saal yeh stock apne 52-week low ₹13,353 se 127% bhaga hai! Abhi ₹31,765 ke aas paas trade ho raha hai, market cap ₹1.35 lakh Crore cross kar gaya hai. Sabse badi chinta hai iska valuation. Iska P/E ratio 160 se 212 ke beech chal raha hai, jo ki bahut zyada hai. Margins bhi thode 'fragile' lag rahe hain analyst ko.
Alag alag Opinions?
Sab analysts ek mat nahi hain. Jahaan IDBI Capital 'Buy' bol raha hai, wahin Motilal Oswal ka kehna hai ki 'Neutral' raho aur target sirf ₹27,000 ka diya hai. Kuch log toh yeh bhi keh rahe hain ki do saal mein stock char guna ho gaya hai, kahin yeh 'bull trap' na ho, matlab bade investors retail investors ke khareedne par maal bech rahe hon. Promoter holding bhi 3.69% kam hui hai pichhle teen saal mein.
Toh seedhi baat yeh hai ki India ka power transmission sector, khaas kar HVDC, future mein bahut strong dikh raha hai aur Hitachi Energy iska fayda uthane ke liye well-placed hai. Lekin investors ko yeh valuation, stock ki tezi, aur alag-alag analysts ke target ko dhyan mein rakhna hoga, aur margins ki sustainability bhi check karni padegi.