HBL Power hits new high on healthy outlook; zooms 155% in three months

Shares of HBL Power Systems (HBL) hit a new high of Rs 263.55, as they rallied 7 per cent on the BSE in Thursday’s intra-day trade in an otherwise subdued market on healthy outlook. The stock of auto components & equipments company has zoomed 155 per cent in past three months on strong earnings. In comparison, the S&P BSE Sensex was down 0.30 per cent at 65,346 at 09:45 AM.

The principal activities of the company comprises of manufacturing of different types of Batteries including Lead Acid, NiCad, Silver Zinc, Lithium and Railway and Defence Electronics, Solar Photovoltaic Modules and other products.