HPL Electric & Power surges 18% on bagging smart meter orders of Rs 903 cr
Shares of HPL Electric & Power surged 18 per cent to Rs 153.20 on the BSE in Tuesday’s intra-day trade on the back of heavy volumes after the company announced it has won smart meter orders Rs 903 crore (inclusive of tax).
The stock of the leading provider of electrical equipment and solutions surpassed its previous high of Rs 137.40, touched on June 23, 2023. At 11:41 am; it was trading 16 per cent higher at Rs 150.70, as compared to 0.16 per cent rise in the S&P BSE Sensex. A combined 2.7 million equity shares had changed hands on the NSE and BSE.
