India's HPL Electric & Power jumps on $65 mln order win

HPL Electric & Power

13/12/2023 07:05

** HPL Electric & Power  HPLE.NS  shares up 10% to ~221
rupees, their highest intraday pct jump since July 17
    ** Electric equipment maker wins smart meter orders worth
5.45 bln rupees ($65.36 mln)
    ** Stock breaches 50- and 100- day avgs to trade at highest
level since Oct. 18
    ** More than 1 mln shares traded - most active session in
nearly 3 months
    ** Including session's gains, stock up 121% YTD; this is the
fourth straight year of gains for the co


($1 = 83.3870 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))