The shares of smallcap company HPL Electric & Power witnessed a remarkable surge on Tuesday.
They soared by 20% to reach Rs 155.40, hitting a new 52-week high.
The impressive climb in the company’s shares can be attributed to the recent acquisition of a substantial order.
HPL Electric & Power Bags Rs 903 Crore Order for Smart Meters
HPL Electric & Power proudly announced that it has successfully secured an order worth Rs 903 crore for smart meters.
This significant achievement has further bolstered the company’s existing order book, which now stands at over Rs 2,250 crore.
HPL Electric’s smart meters are renowned for their exceptional accuracy and advanced features, such as real-time remote data monitoring.
Shares of HPL Electric & Power Soar 159% in One Year
Over the course of the past year, shares of HPL Electric & Power have experienced an extraordinary ascent, surging by an impressive 159%.
The shares, which were valued at Rs 60.05 on July 5, 2022, at the Bombay Stock Exchange (BSE), closed at a staggering Rs 155.40 on July 4, 2023.
In the last month alone, HPL Electric & Power shares have soared by nearly 57%.
The 52-week low for the company’s shares is Rs 56.75.
