/ HPL Electric & Power Hits 10% Lower Circuit ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 21 November 2016

HPL Electric & Power Ltd is currently trading at Rs 90.7, down by Rs 10.05 or 9.98% from its previous closing of Rs 100.75 on the BSE after the company announced that it has reduced its debt around Rs 320 crore from IPO proceeds. The company was listed on stock exchange on October 4, 2016.

The company has order book pipeline of around Rs 365 crore including lighting and switch gear segments and exports have grown by 14.5%. Order book includes Rs 234 crore of meter orders from utilities including a new order from Gujarat Urja Vikas Discoms in Q2 FY17.

The scrip opened at Rs 100 and has touched a high and low of Rs 100 and Rs 90.7 respectively. So far 937341 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 647.83 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 198 on 04-Oct-2016 and a 52 week low of Rs 100.75 on 18-Nov-2016. Last one week high and low of the scrip stood at Rs 154.9 and Rs 100.75 respectively. The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 0 % and 0 % respectively. The stock is currently trading above its 200 DMA.
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