HPL Electric & Power Ltd. Share Price Update – August 27, 2024

As of today, August 27, 2024, the share price of HPL Electric & Power Ltd. stands at approximately ₹654.20 on the NSE. The stock has shown remarkable growth over the past year, rising by more than 200%, reflecting strong investor confidence and robust business performance.

Key Highlights:

  • Recent Performance: The stock has seen significant appreciation, driven by the company securing major contracts, including a substantial ₹2,000 crore order for smart meters. This order has positioned the company as a key player in the industry, contributing to its recent stock surge.
  • Market Metrics: HPL Electric & Power Ltd. currently has a market capitalization of around ₹4,206 crore. The company’s P/E ratio is notably high at 96.56, indicating that investors are expecting strong future growth.
  • 52-Week High and Low: The stock has fluctuated significantly over the last 52 weeks, with a low of ₹179 and a high of ₹694, underscoring its volatile nature but also its potential for high returns.
  • Growth Drivers: The company’s growth is fueled by its diversified product portfolio in the electric and power sector, including metering solutions, lighting products, and switchgear items. The recent surge can also be attributed to the strategic contracts and the company’s expansion into new markets.

HPL Electric & Power Ltd. continues to be a strong performer in the stock market, making it a stock to watch for potential investors looking for growth opportunities in the electric and power sector.

Disclaimer

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