HPL Electric & Power consolidated net profit rises 145.60% in the June 2024 quarter

AMJ Land Holdings Ltd, Kellton Tech Solutions Ltd, HPL Electric & Power Ltd and Prozone Realty Ltd are among the other gainers in the BSE’s ‘B’ group today, 12 July 2024.

Megastar Foods Ltd leads gainers in ‘B’ group

JHS Svendgaard Retail Ventures Ltd, HPL Electric & Power Ltd, KCP Sugar & Industries Corporation Ltd and Shreyas Shipping & Logistics Ltd are among the other gainers in the BSE’s ‘B’ group today, 11 July 2024.

Mallcom (India) Ltd leads gainers in ‘B’ group

HPL Electric & Power hit a new high of Rs 548.80, rallied 17% in Wednesday’s intra-day trade after the company received work orders worth Rs 2,101 crore for the supply of smart meters.

This smallcap stock has rallied 121% thus far in CY24; zoomed 148% in CY23

HPL Electric & Power zoomed 11.14% to Rs 521.30 after the company announced that it has received work orders of Rs 2,100.71 crore from its regular leading customers.

HPL Electric zooms after bagging smart meter supply contracts worth Rs 2,100 crore

HPL Electric & Power surged 5.17% to Rs 474.95 after the company announced the signing of a memorandum of understanding (MoU) with Guangxi Ramway Technology Co. Ltd, China.

HPL Electric soars after inking MoU with China-based Guangxi Ramway Tech

HPL Electric said that the order was indicative of company’s journey to solidy market share in competitive smart meter arena

HPL Electric hits 10% upper circuit on securing Rs 545 crore smart meter order

Power Grid’s smart meter project announcement comes on the heels of massive order wins in this segment by Genus Power, HPL Electric, and Tata Power last week

Power Grid secures approval for advanced metering infra project worth Rs 4000 crore; stock gains

Shares of HPL Electric, which closed at Rs 129.8 on July 3, 2023 rose to a high of Rs 177.20 on BSE today, delivering 37% returns to investors in two sessions.

Multibagger electric stock hits 52-week high on Rs 903-cr order win

These orders have bolstered HPL’s total pending order book to over Rs 2,250 crore.

HPL Electric Shares Jump Over 18% To Five-Year High On Smart Meter Order

HPL Electric and Power has also been a multibagger, flushing out over 145 percent returns in just the past one year.

HPL Electric surges 18.5% to 52-week high on bagging Rs 903-crore orders

The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

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Red flags

HPL Electric & Power Private Limited, is an electric equipment manufacturing company. It is engaged in the manufacturing of electronic energy static meters, circuit protection switchgears, modular switches, wires and cables, and CFL & LED Lamps.