HBL Power extends rally on healthy outlook; stock zooms 31% in 4 days

The company's electronics vertical is expected to emerge as the key business and profitability driver over the coming years.

Shares of HBL Power Systems hit a new high of Rs 121.50 as they rallied 6 per cent on the BSE in Monday’s intra-day trades, on the back of heavy volumes in an otherwise weak market, on healthy outlook. The stock was trading higher for the fourth straight days, and has zoomed 31 per cent during the period.

In comparison, the S&P BSE Sensex was down 1.3 per cent at 57,432 at 10:14 AM. The average traded volumes at the counter jumped 1.5 times with a combined 1.68 million equity shares changing hands on the NSE and BSE.