HBL Power rallies 10%; hits new high after nearly 7% equity changes hands
Shares of HBL Power Systems (HBL) rallied 10 per cent to hit a record high of Rs 132.55 on the BSE in Tuesday’s weak intra-day trade on the back of heavy volumes. In the past two trading days, the stock of the auto components & equipments company has zoomed 18 per cent.
Till 02:50 PM; a combined 19.2 million equity shares, representing 6.9 per cent of the total equity of HBL Power, had changed hands on the NSE and BSE. In comparison, the S&P BSE Sensex was down 0.25 per cent at 62,615.
HBL specializes in developing and manufacturing products and solutions for telecom, industrial, railways and defence applications. The company has seven fully integrated facilities manufacture batteries, electronics and engineered products based on in-house developed technologies.
