Hitachi Energy India Faces Significant Challenges Amidst Broader Market Decline

Jan 24 2025 09:31 AM IST
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Hitachi Energy India shares have declined significantly, underperforming its sector. The stock has been on a downward trend for four consecutive days, with notable intraday volatility. Currently, it trades below multiple moving averages, reflecting ongoing challenges in the market, with a substantial monthly loss compared to broader indices.
Hitachi Energy India has experienced a notable decline today, with shares dropping by 3.61% as of January 24, 2025. This performance marks a significant underperformance compared to its sector, which saw a decline of only 3.01%. The stock has been on a downward trend for the past four days, accumulating a total loss of 8.3% during this period.

Opening the day with a gap down of 2.26%, Hitachi Energy reached an intraday low of Rs 11,796.45, reflecting a decrease of 3.11%. The stock has exhibited high volatility, with an intraday volatility rate of 34.33%, indicating substantial price fluctuations throughout the trading session.

In terms of moving averages, Hitachi Energy is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term. Over the past month, the stock has declined by 13.62%, contrasting with the Sensex, which has decreased by only 2.32%. These metrics highlight the challenges faced by Hitachi Energy India in the current market environment.
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