13-12-2023 12:46 PM | Source: Accord Fintech
HPL Electric and Power touches roof on bagging smart meter orders worth Rs 545 crore

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HPL Electric & Power is currently trading at its upper circuit limit of Rs. 220.65, up by 20.05 points or 10.00% from its previous closing of Rs. 200.60 on the BSE.

The scrip opened at Rs. 200.60 and has touched a high and low of Rs. 220.65 and Rs. 200.60 respectively. So far 68422 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 269.55 on 06-Sep-2023 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. 220.65 and Rs. 198.65 respectively. The current market cap of the company is Rs. 1418.79 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 worth Rs 545 crore from various prestigious customers in the normal course of business. This achievement marks a significant stride in HPL's journey, further solidifying its market share in the competitive smart meter arena. The order is indicative of the Company's continued growth trajectory and promising future in the industry. This order is a milestone in HPL's journey and a strong indicator of its promising future in the smart metering industry.

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.