Hitachi Energy India's share price reached a new high of ₹31,765 during intraday trading on the National Stock Exchange (NSE), marking a 4.2% increase. This surge follows a 'Buy' rating from IDBI Capital, which anticipates a 15.4% upside to a target price of ₹35,001. The stock has experienced a remarkable 127% increase since its 52-week low of ₹13,353 in April 2025. IDBI Capital attributes this growth to Hitachi Energy's strong position in the high-voltage direct current (HVDC) market, where it holds a 48% share of the operational capacity of 33.5 Gigawatts (GW). The company has secured over ₹20,000 crore in HVDC orders, highlighting its technological capabilities. Looking ahead, IDBI Capital expects revenue from the HVDC segment to grow significantly, with a projected compound annual growth rate (CAGR) of 36% from FY25 to FY28. To support its expansion, Hitachi Energy plans to invest ₹2,000 crore from a recent qualified institutional placement (QIP) to enhance its capacity in various power equipment sectors.