Hitachi Energy India June Quarter Report; Net Profit Jumps 80%

July 26, 2023July 26, 2023

Hitachi Energy India Ltd (HEIL) on July 25 posted a 79.85% increase in net profit at ₹2.41 crore for the first quarter of the current fiscal year. The company had reported a net profit of Rs 1.34 crore in the same quarter for the previous fiscal year, the company said in a regulatory filing.

The operating revenue increased to Rs 1,043 crore from Rs 991.32 crore in the year-ago quarter.

The company expense increased from Rs 989.21 crore in the previous year-ago quarter to Rs 1,039.62 crore in the quarter under review.

MD and CEO N Venu said: “We remain focused on balancing our operational complexity and efficiencies to preserve the growth momentum. While persistent delays in chips and electronics led to lower revenue in the quarter, sustained operational excellence efforts provide visibility in the near-term.”

In the June 30, 2023 quarter, the company received orders worth Rs 1,147.5 crore, up 6% YoY.

Hitachi Energy has its headquarters in Switzerland; it is a global technology leader advancing a sustainable energy future for all.

Hitachi Energy operates under the legal entity name ‘Hitachi Energy India Limited’, which was formerly known as ABB Power Products and Systems India Limited.

INDEX OUTLOOK MARKET OUTLOOK NIFTY PSU BANK

NIFTY PSU BANK Outlook for the Week (June 03, 2024 – June 07, 2024)

CRON USERMay 31, 2024

May 31, 2024

NIFTY PSU BANK closed the previous week on a negative note losing 3.92%.

Technically, NIFTY PSU BANK share price will see immediate support at 7,234.17 and immediate resistance would be seen at 7,529.27.

If NIFTY PSU BANK share price closes below immediate support of 7,234.17, then sharp breakdown can be seen. NIFTY PSU BANK share price will see major support at 7,082.33 for the week.

On the positive side, immediate resistance will be seen at 7,529.27. Closing above 7,529.27, NIFTY PSU BANK share price will see a sharp breakout. Major resistance for NIFTY PSU BANK share price will be seen at 7,672.53 for the week.

Trading range for NIFTY PSU BANK share price for this week should be between 6,939.07 on down side and 7,824.37 on up side.

NIFTY PSU BANK Previous Week High: 7520.7

NIFTY PSU BANK Previous Week Low: 7225.6

NIFTY PSU BANK Previous Week Range: 295.1 Points

NIFTY PSU BANK share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type	Value
Resistance 3	7,824.37
Resistance 2	7,672.53
Resistance 1	7,529.27
Support 1	7,234.17
Support 2	7,082.33
Support 3	6,939.07

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INDEX OUTLOOK MARKET OUTLOOK NIFTY PSU BANK

NIFTY PSU BANK Outlook for the Week (May 27, 2024 – May 31, 2024)

CRON USERMay 24, 2024

May 24, 2024

NIFTY PSU BANK closed the previous week on a negative note losing 4.14%.

Technically, NIFTY PSU BANK share price will see immediate support at 7,178.88 and immediate resistance would be seen at 7,486.53.

If NIFTY PSU BANK share price closes below immediate support of 7,178.88, then sharp breakdown can be seen. NIFTY PSU BANK share price will see major support at 6,998.72 for the week.

On the positive side, immediate resistance will be seen at 7,486.53. Closing above 7,486.53, NIFTY PSU BANK share price will see a sharp breakout. Major resistance for NIFTY PSU BANK share price will be seen at 7,614.02 for the week.

Trading range for NIFTY PSU BANK share price for this week should be between 6,871.23 on down side and 7,794.18 on up side.

NIFTY PSU BANK Previous Week High: 7433.85

NIFTY PSU BANK Previous Week Low: 7126.2

NIFTY PSU BANK Previous Week Range: 307.65 Points

NIFTY PSU BANK share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type	Value
Resistance 3	7,794.18
Resistance 2	7,614.02
Resistance 1	7,486.53
Support 1	7,178.88
Support 2	6,998.72
Support 3	6,871.23

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INDEX OUTLOOK MARKET OUTLOOK NIFTY PSU BANK

NIFTY PSU BANK Outlook for the Week (May 20, 2024 – May 24, 2024)

CRON USERMay 17, 2024

May 17, 2024

NIFTY PSU BANK closed the previous week on a negative note losing 5.13%.

Technically, NIFTY PSU BANK share price will see immediate support at 6,895.70 and immediate resistance would be seen at 7,265.30.

If NIFTY PSU BANK share price closes below immediate support of 6,895.70, then sharp breakdown can be seen. NIFTY PSU BANK share price will see major support at 6,682.15 for the week.

On the positive side, immediate resistance will be seen at 7,265.30. Closing above 7,265.30, NIFTY PSU BANK share price will see a sharp breakout. Major resistance for NIFTY PSU BANK share price will be seen at 7,421.35 for the week.

Trading range for NIFTY PSU BANK share price for this week should be between 6,526.10 on down side and 7,634.90 on up side.

NIFTY PSU BANK Previous Week High: 7207.8

NIFTY PSU BANK Previous Week Low: 6838.2

NIFTY PSU BANK Previous Week Range: 369.6 Points

NIFTY PSU BANK share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type	Value
Resistance 3	7,634.90
Resistance 2	7,421.35
Resistance 1	7,265.30
Support 1	6,895.70
Support 2	6,682.15
Support 3	6,526.10

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INDEX OUTLOOK MARKET OUTLOOK NIFTY PSU BANK

NIFTY PSU BANK Outlook for the Week (May 13, 2024 – May 17, 2024)

CRON USERMay 10, 2024

May 10, 2024

NIFTY PSU BANK closed the previous week on a negative note losing 7.27%.

Technically, NIFTY PSU BANK share price will see immediate support at 6,871.88 and immediate resistance would be seen at 7,421.93.

If NIFTY PSU BANK share price closes below immediate support of 6,871.88, then sharp breakdown can be seen. NIFTY PSU BANK share price will see major support at 6,669.42 for the week.

On the positive side, immediate resistance will be seen at 7,421.93. Closing above 7,421.93, NIFTY PSU BANK share price will see a sharp breakout. Major resistance for NIFTY PSU BANK share price will be seen at 7,769.52 for the week.

Trading range for NIFTY PSU BANK share price for this week should be between 6,321.83 on down side and 7,971.98 on up side.

NIFTY PSU BANK Previous Week High: 7567.05

NIFTY PSU BANK Previous Week Low: 7017

NIFTY PSU BANK Previous Week Range: 550.05 Points

NIFTY PSU BANK share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type	Value
Resistance 3	7,971.98
Resistance 2	7,769.52
Resistance 1	7,421.93
Support 1	6,871.88
Support 2	6,669.42
Support 3	6,321.83

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INDEX OUTLOOK MARKET OUTLOOK NIFTY PSU BANK

NIFTY PSU BANK Outlook for the Week (May 06, 2024 – May 10, 2024)

CRON USERMay 3, 2024

May 3, 2024

NIFTY PSU BANK closed the previous week on a negative note losing 4.18%.

Technically, NIFTY PSU BANK share price will see immediate support at 7,367.02 and immediate resistance would be seen at 7,688.17.

If NIFTY PSU BANK share price closes below immediate support of 7,367.02, then sharp breakdown can be seen. NIFTY PSU BANK share price will see major support at 7,205.33 for the week.

On the positive side, immediate resistance will be seen at 7,688.17. Closing above 7,688.17, NIFTY PSU BANK share price will see a sharp breakout. Major resistance for NIFTY PSU BANK share price will be seen at 7,847.63 for the week.

Trading range for NIFTY PSU BANK share price for this week should be between 7,045.87 on down side and 8,009.32 on up side.

NIFTY PSU BANK Previous Week High: 7685.95

NIFTY PSU BANK Previous Week Low: 7364.8

NIFTY PSU BANK Previous Week Range: 321.15 Points

NIFTY PSU BANK share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type	Value
Resistance 3	8,009.32
Resistance 2	7,847.63
Resistance 1	7,688.17
Support 1	7,367.02
Support 2	7,205.33
Support 3	7,045.87

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