An all-time high of ₹555 per share was reached by HPL Electric & Power, a well-known electrical equipment maker in India, as its shares increased by 19%. The company’s share price increased significantly after receiving a ₹2,100.71 crore order for smart meters from its major customers, according to their last exchange filing.
The firm’s ‘Metering & Systems’ section is gaining traction. HPL, as a market leader with over two decades of successful meter supply, is well-positioned to capitalize on the rising smart meter market.
One of India’s leading electrical equipment manufacturers, HPL Electric & Power was established in 1992 and has a strong presence in the metering and systems and consumer and electrical markets. According to the company’s most recent annual report, it has an installed capacity of 1.1 crore meters yearly and a 20% market share in the domestic meters market.
As of 12:40 pm, HPL Electric & Power share hits 19.99% upper circuit.
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