HPL Electric zooms 50% in 1 month on robust order book, revenue visibility

The management expects that the demand for the company's products from the domestic markets to continue unabated over the rest of FY23

Shares of HPL Electric & Power hit a multi-year high of Rs 101.30 as they rallied 9 per cent on the BSE in Friday's intra-day trade. The stock was trading at its highest level since June 2018, while it had hit a record high of Rs 198 on October 4, 2016, data shows.

The stock of electric equipment manufacturing company has zoomed 50 per cent in the past one month on robust order book, and strong revenue visibility. In comparison, the S&P BSE Sensex has gained 6 per cent in one month. 

HPL Electric is manufacturing a diverse portfolio