India's HPL Electric posts best intraday gain in 3 months after order win

HPL Electric & Power

28/02/2023 07:56

** Shares of HPL Electric & Power  HPLE.NS  rise as much as
9.6% to 88.30 rupees, marking their sharpest intraday pct gain
since Dec. 1
    ** Stock hits highest level since Feb. 17
    ** Electric equipment maker says it won a smart meter order
worth 4.09 bln rupees ($49.5 mln) from an institutional customer
in west India
    ** Co adds, it currently has an order book of over 12 bln
rupees as of Feb. 27, 2023
    ** Stock witnessing its most active trading session in over
a month since Jan. 18
    ** More than 719,000 shares change hands by 1:15 p.m. IST,
3x 30-day avg of 241,028 shares


($1 = 82.7000 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))