Brokerage sets growth forecasts and target prices for top power sector stocks

Stock Market Outlook

Hitachi Energy India, Siemens Energy India, and CG Power and Industrial Solutions are set to gain from rising spending on power transmission and distribution. According to a report by InCred Equities, trends like urbanisation, industrialisation, electrification, and automation are driving demand in this sector. Hitachi Energy closed 0.89 percent lower at ₹30,669.25 per share on the BSE, holding a market value of ₹1,36,700.09 crore on Friday, October 9. Its return on equity reached 82.02 percent, with past year gains at 73 percent, two-year gains at 110 percent, and three-year gains at 678 percent. For the second quarter of financial year 2026-27, Hitachi Energy expects a 17.0 percent EBITDA margin, a 13.4 percent net profit margin, and an earnings per share of ₹77.2. InCred Equities keeps an 'Add' rating on the stock with a target price of ₹45,000. CG Power closed 0.63 percent lower at ₹856.60 per share, with a market value of ₹1,34,954.62 crore and a return on equity of 7.41 percent. Its past returns include 12.56 percent in one year, 6.75 percent in two years, and 107 percent in three years. For the September quarter, its profit after tax is projected to grow by 28.6 percent and revenue by 24.4 percent from last year. The brokerage gives CG Power an 'Add' rating with a target price of ₹1,000. Siemens Energy closed 2.78 percent lower at ₹3,101.45 per share on the BSE, with a market value of ₹1,10,448.99 crore and a one-year drop of 4.30 percent. Its profit after tax for the same quarter may rise by 44.7 percent, while revenue could climb 46.0 percent. The brokerage assigns Siemens Energy an 'Add' rating with a target price of ₹4,115.

Context

Stock brokerages regularly issue growth projections and target prices to help investors decide which companies fit their financial goals. Power transmission and distribution companies often see strong demand when countries invest heavily in new infrastructure and industrial growth.