HPL Electric & Power is witnessing a positive surge, currently trading at ₹607.95, marking a rise of 9.15 points or 1.53% from its previous close of ₹598.80 on the BSE.

The stock opened at ₹609.95 and fluctuated between a high of ₹613.80 and a low of ₹604.80. So far, 11,297 shares have been traded on the exchange.

This BSE group 'B' stock, with a face value of ₹10, hit a 52-week high of ₹694.30 on August 22, 2024, and a 52-week low of ₹179.25 on October 26, 2023. Over the last week, the stock’s highest and lowest prices stood at ₹614.55 and ₹569.90, respectively. The company's current market capitalization is ₹3,898.22 crore.

Promoters hold a significant 72.66% stake in the company, while institutions and non-institutions hold 0.97% and 26.38%, respectively.

The company has recently bagged work orders/Letters of Award (LoA) amounting to ₹143.77 crore, inclusive of taxes, from its regular key clients. These orders are for the supply of smart and conventional meters, and they will be executed according to the specified terms and conditions.

HPL Electric & Power is a prominent player in India's electric equipment manufacturing sector, offering a wide range of products, including metering solutions, switchgear, lighting equipment, and cables, catering to both consumer and institutional clients.