Electric equipment stock jumps 9% after receiving order worth ₹369.90 Cr for supply of smart metersElectric equipment stock jumps 9% after receiving order worth ₹369.90 Cr for supply of smart meters

Introduction:

Electric equipment stock has secured smart meter orders worth ₹369.90 crore from leading customers. These orders strengthen its market presence in the smart metering segment, reinforcing its commitment to innovation, efficiency, and growth in the power and energy management sector.

Share Price movement of HPL Electric & Power:

On March 12, 2025, HPL Electric & Power Ltd opened at ₹373.60, reaching a high of ₹404.70, up 9% from its previous close of ₹369.05, with a low of ₹369.05. The stock is currently trading at ₹395.40, with a market cap of ₹2,542.44 crore.

HPL Electric & Power received order:

HPL Electric & Power Limited has secured smart meter orders worth ₹369.90 crore, including taxes, from its regular leading customers. These orders are part of the company’s ongoing business operations and will be executed as per the terms of purchase agreements.  

This order reinforces HPL Electric & Power’s market presence in the smart metering segment, ensuring continued growth. The company remains committed to delivering high-quality smart meters, strengthening its position in the power sector while driving efficiency and innovation in energy management solutions.

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Recent news About HPL Electric & Power:

​HPL Electric & Power Limited has recently reported its financial performance for the quarter ended December 31, 2024. The company’s consolidated net sales stood at ₹392.48 crore, marking a 7.36% increase compared to the same period in the previous year. ​

Stock performance of HPL Electric & Power for Period of 1 week, 6 months and 1 year:

HPL Electric & Power’s stock declined 4.90% over the past week, reflecting short-term weakness. Over six months, it saw a significant drop of 38.1%, indicating bearish sentiment. However, the one-year performance remained strong at 27.7%, showcasing long-term growth despite recent volatility.

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Shareholding pattern of HPL Electric & Power:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	72.66	72.66	72.66
FII	0.58	0.51	0.74
DII	0.23	0.23	0.23
Retail & others	26.53	26.59	26.38

About HPL Electric & Power:

HPL Electric & Power Ltd (NSE:HPL) is a leading electrical equipment manufacturer, specializing in smart meters, switchgear, lighting, and wires & cables. With a strong R&D focus and innovative solutions, it caters to industrial, commercial, and residential sectors, ensuring energy efficiency and reliability.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.