HPL Electric and Power gains on bagging smart meter orders worth Rs 240 crore
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HPL Electric & Power is currently trading at Rs. 286.65, up by 2.75 points or 0.97% from its previous closing of Rs. 283.90 on the BSE.
The scrip opened at Rs. 294.35 and has touched a high and low of Rs. 294.35 and Rs. 283.00 respectively. So far 25495 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 325.65 on 08-Jan-2024 and a 52 week low of Rs. 74.10 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 299.85 and Rs. 272.95 respectively. The current market cap of the company is Rs. 1861.82 crore.
The promoters holding in the company stood at 72.66%, while Institutions and Non-Institutions held 0.23% and 27.11% respectively.
HPL Electric and Power (HPL) has won smart meter orders totaling around Rs 240 crore from leading AMISP clients in the normal course of business. This accomplishment adds to HPL's already existing significant order pipeline, reinforcing its ongoing upward momentum in the dynamic smart meter sector.
HPL Electric and Power is an established electric equipment manufacturing company in India, manufacturing a diverse portfolio of electric equipment, including metering solutions, switchgear, lighting equipment and wires and cables, catering to consumer and institutional customers in the electrical equipment industry.
