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

HPL said these orders further bolster the company’s total pending pipeline order book, now totaling Rs 2250 plus crore

HPL Electric & Power surges 18% on bagging smart meter orders of Rs 903 cr

HPL Electric and Power Limited gained 9% after securing smart meter orders worth INR 204 Crore, attributed to government initiatives and nationwide adoption of smart metering technologies.

HPL Electric jumps 9% on bagging Rs 204-crore supply contract

HPL Smart Meter: The implementation of government schemes has significantly helped the industry, and we are witnessing tangible results, said the company CEO

HPL Electric and Power gets pan-India smart meter orders worth Rs 204 cr

HPL Electric & Power rallied 7.64% to Rs 86.70 after the company announced that it has won a smart meter order worth Rs 409.10 crore from an institutional customer in west India.

HPL Electric spurts on bagging order worth Rs 409 cr

Porinju Veliyath has entered Max India and potentially exited HPL Electric & Power in the third quarter of the ongoing fiscal, the latest shareholding patterns suggest

Porinju Veliyath entered Max India in Q3, likely exited multibagger HPL Electric

HPL Electric & Power wins order worth Rs 161.59 cr

HPL Electric & Power surged 6.10% to Rs 100.85 after the company announced the receipt of an order worth Rs 161.59 crore for the supply of smart meters to serve a leading private DISCOM player.

HPL Electric soars on bagging smart meters supply contract worth Rs 161-cr

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

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

Unsolicited messages

Default probability

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.