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Below ₹500 Share Touched Record High Price After Good News; Do You Have?

HPL Electric & Power Ltd (NSE: HPL) shares: The stock of HPL Electric & Power Ltd saw a tremendous rise on Monday. During trading, the company’s shares rose more than 13% to a record high of Rs 511.95. 

There is a big deal behind this rise in shares. The company has made a deal with China’s Guangxi Ramway Technology Co. Ltd. Since this news, its shares have seen a rise.

What Is The Detail?

HPL Electric & Power Ltd announced in a statement to the exchanges that it had signed a memorandum of agreement (MoU) in China with Guangxi Ramway Technology Limited.

The company has informed the markets that it has signed a partnership with a Chinese company for local manufacturing under phase-wise manufacturing. A technical alliance has been made to assemble relays, and latching relays in India.

Share Status

HPL Electric & Power Ltd’s share opened at 455 rupees on the BSE this morning and climbed 13.36 percent to reach an intraday maximum that was 511.95 rupees for each share. 

The stock has returned over 180% in the last year and over 94% so far this year 2024. HPL Electric & Power Ltd share has increased by 7.75 percent in the past month.

March Quarter Results

The manufacturer of electrical equipment reported a significant increase in net profit and revenue in March.

The net profit of the company increased 22.3 percent year-on-year (YoY) up to Rs 13.72 crore in the quarter ending March 24, and its operating revenue increased by 17 percent up to 424.09 crore rupees.

Earnings before interest tax, depreciation, and amortization (EBITDA) rose 24% year-on-year, to 55.3 crore rupees, up from 44.6 crore rupees in the previous quarter.

EBITDA margins were 13% during the quarter ended March, a rise from 12.3 percent in the previous period in the previous fiscal year.

HPL Electric & Power Ltd Stock Performance

Current Price₹ 488
52-wk High₹ 512 
52-wk Low₹ 167
5 Days Return8.69%
1 Month Return11.09%

Key Fundamentals Parameters

Market Cap₹ 3,136 Cr.
Stock P/E72.0
Book Value₹ 129
Dividend0.21 %
ROCE11.0 %
ROE5.37 %
Face Value₹ 10.0
P/B Value3.79
OPM13.2 %
EPS₹ 6.77
Debt₹ 627 Cr.
Debt to Equity0.76

HPL Electric & Power Ltd Shareholding Pattern

Promoters Holding
Mar 202372.66%
June 202372.66%
Sept 202372.66%
Dec 202372.66%
Mar 202472.66%
FII Holding
Mar 20230.02%
Jun 20230.43%
Sep 20230.00%
Dec 20230.00%
Mar 20240.24%
DII Holding
Mar 20230.31%
Jun 20230.24%
Sep 20230.23%
Dec 20230.23%
Mar 20240.32%
Hot Stocks Alert Join
Public Holding
Mar 202327.02%
Jun 202326.68%
Sep 202327.12%
Dec 202327.12%
Mar 202426.78%

HPL Electric & Power Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 977 Cr
2021₹ 875 Cr
2022₹ 1,014 Cr
2023₹ 1,262 Cr
2024₹ 1,461 Cr

Last 5 Years’ Net Profit:

2020₹ 22 Cr
2021₹ 10 Cr
2022₹ 8 Cr
2023₹ 30 Cr
2024₹ 44 Cr

Conclusion

This article provides a detail guide about HPL Electric & Power Ltd share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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