India's HPL Electric & Power hits over 5-year high after order win

HPL Electric & Power

04/07/2023 07:23

** Shares of HPL Electric & Power  HPLE.NS  up as much as 18.5%
at 153.45 rupees, their highest level since Feb. 15, 2018 
    ** Stock sees biggest intraday pct gain since June 19 
    ** The electric equipment manufacturer on Tuesday said it
won smart meter orders worth 9.03 billion rupees ($110.2
million) 
    ** Share prices has been above 50-day, 100-day and 200-day
exponential moving averages since April 24, suggesting bullish
trend
    ** More than 2.6 mln shares change hands by 11:45 a.m. IST,
2.9x 30-day avg of 917,579 shares 
    ** Stock up ~30% this year as of last close    

($1 = 81.9600 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))