Feb 3, 07:10 PM

Shares of Thermax, Hitachi Energy, and Siemens Fall 9%; BSE Capital Goods Index Down 4% as Power Grid Posts ₹3,862 Crore Profit

Shares of major capital goods companies, including Thermax, Hitachi Energy, and Siemens, fell by approximately 9% following downgrades and target cuts from brokerage firms. The BSE Capital Goods index experienced a decline of 4% on February 3, 2025, with Siemens shares dropping over 7%, placing them among the top five losers on the Nifty 500 index. Additionally, Power Grid Corporation of India reported a net profit of ₹3,862 crore for the third quarter of fiscal year 2025, a decrease of 4.1% year-over-year. The company also announced a second interim dividend of ₹3.25 per equity share. Following the earnings report, Power Grid's share price fell over 4%, reaching an intraday low of ₹272.30, marking a nine-month low. Meanwhile, Premier Energies shares initially surged by 10.28% but later fell by 12.81% after the Q3 results announcement.

#Thermax #Hitachi Energy #Siemens #BSE Capital Goods #Nifty 500 #Power Grid #Premier Energies #Q3

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Shares of Thermax, Hitachi Energy, and Siemens Fall 9%; BSE Capital Goods Index Down 4% as Power Grid Posts ₹3,862 Crore Profit

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