HPL Electric & Power touches the roof on bagging work orders worth Rs 2100.71 crore
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HPL Electric & Power is currently trading at its upper limit of Rs. 562.85, up by 93.80 points or 20.00% from its previous closing of Rs. 469.05 on the BSE.
The scrip opened at Rs. 473.85 and has touched a high and low of Rs. 562.85 and Rs. 470.35 respectively. So far 992046 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 562.85 on 11-Jul-2024 and a 52 week low of Rs. 168.05 on 12-Jul-2023.
Last one week high and low of the scrip stood at Rs. 562.85 and Rs. 441.15 respectively. The current market cap of the company is Rs. 3580.89 crore.
The promoters holding in the company stood at 72.66%, while Institutions and Non-Institutions held 0.56% and 26.78% respectively.
HPL Electric & Power has received work orders/Letter of Award of Rs 2100.71 crore (inclusive of tax) from its regular leading customers for the supply of smart meters in the normal course of business, which is to be executed as per the terms & conditions of Letter of Award (LoA)/work orders.
HPL Electric & 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.
