52-week high alert: This multibagger small-cap stock bags huge orders worth Rs 900 crore!
The stock has witnessed significant buying activity, providing multibagger returns of more than 330 percent in just three years
On Tuesday, shares of HPL Electric & Power surged by 18.3 per cent, reaching a new 52-week high of Rs 153.30 apiece on BSE. The stock experienced a substantial increase in trading volume.
The company informed the exchange about the successful acquisition of smart meter orders worth Rs 903 crore. This acquisition significantly strengthens HPL's existing order book, which now totals more than Rs 2250 crore as of the date of this announcement.
The acquisition of these significant smart meter orders highlights HPL Electric & Power's unwavering commitment to innovation and solidifies its pivotal role in driving the widespread adoption of smart meters in India. Through its steadfast dedication to research and development, the company is able to deliver technologically advanced solutions tailored specifically to the Indian market.
The company's smart meters are renowned for their exceptional accuracy and advanced features, including real-time remote data monitoring. By empowering both consumers and utilities to optimize energy usage, these smart meters actively contribute to a greener and more sustainable future. The company's comprehensive range of smart metering solutions, coupled with its efficient after-sales service network, has earned considerable acclaim within the industry.
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HPL Electric & Power Limited is a leading electrical equipment manufacturer in India, operating for the past 40 years. The company has a significant presence across five key product verticals of electric equipment - metering solutions, modular switches, switchgears, LED lighting, and wires and cables.
The stock has witnessed significant buying activity, providing multibagger returns of more than 330 percent in just three years. Moreover, the stock has surged by more than 140 percent in just one year. Keep a close eye on this trending stock.