Hitachi Energy India Ltd Hits Intraday Low Amid Price Pre…
Intraday Performance and Price Movement
On the trading day, Hitachi Energy India Ltd’s stock price fell by 5.93%, closing near its intraday low. The stock touched a low of Rs 16,770, marking a 6.11% drop from its previous close. This decline was notably steeper than the sector’s performance, with the stock underperforming the Heavy Electrical Equipment sector by 4.26% on the day.
The stock has now recorded losses for three consecutive sessions, cumulatively falling 14.25% over this period. This downward trend has pushed the share price below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a weakening technical position.
Market Context and Broader Indices
The decline in Hitachi Energy…
