In today’s briefing:
- Promoter Buy Alert: High Energy Batteries (India) Ltd – Can Newer Technologies Drive Future Growth?
- Hirano Tecseed Co., Ltd. (6245 JP): Research Update
Promoter Buy Alert: High Energy Batteries (India) Ltd – Can Newer Technologies Drive Future Growth?
- High Energy Batteries is a well established manufacturer of high-tech batteries for the Indian defence requirements. In CY2024, the promoters purchased shares worth INR 43 Mn from open market.
- Company has robust pipeline of new products, including the 330kW Torpedo Propulsion Battery, One-Shot-Battery, Battery for Sonobuoy, Proton Exchange Membrane Fuel Cells, Vanadium-Redox Flow Battery which could drive future earnings.
- The Indian Government’s procurement policy, with its focus on indigenization in defence procurement, promotes the domestic manufacturing sector, creating favorable growth opportunities for the company.
Hirano Tecseed Co., Ltd. (6245 JP): Research Update
- CAUTIOUS VIEW ON THE EV MARKET CONTINUES BUT THE FIRM COMMITS TO MID-TERM SHAREHOLDERS RETURN POLICY.
- Hirano Tecseed maintained FY24 full-year guidance despite shortfall in FY24 1H operating profit vs the firm’s forecast.
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