India's Hitachi Energy up 20% on Q3 profit surge

** Shares of heavy electrical equipment manufacturer Hitachi Energy NSE:POWERINDIA rise exchange-allowed maximum of 20% to 12,277.5 rupees

** Stock on track for best ever one-day pct gain

** Co reports a near six-fold surge in Q3 profit to 1.37 bln rupees ($15.82 mln)

** Rev from ops up 28% to 15.83 bln rupees; co also reports 519.1 mln-rupee gain from forward contracts

** Profit growth supported by strong demand for its cooling products and cable accessories

** More than 433,000 shares change hands, 5.4x its 30-day avg

** Six analysts covering the stock on avg have a "buy" rating; median PT is 14,270 rupees - LSEG data

** The stock has nearly tripled in value in 2024

($1 = 86.5800 Indian rupees)