HPL soars 52% so far in July; firm won smart meter orders worth Rs 903 cr

Shares of HPL Electric & Power hit a new high of Rs 199.85, as they rallied 8 per cent on the BSE in Thursday’s intra-day trade in an otherwise weak broader market. At 02:34 PM; the stock of the leading provider of electrical equipment and solutions provider was trading 5 per cent higher at Rs 193.55, as compared to 0.51 per cent decline in the S&P BSE Smallcap index.

Thus far in the month of July, the stock has zoomed 52 per cent after the company announced it won smart meter order worth Rs 903 crore (inclusive of tax). HPL said that these orders further bolster the company’s total pending pipeline order book, now totaling Rs 2,250 plus crore.