India's HPL Electric & Power up 6.4% on $19.45 mln order win

HPL Electric & Power

30/12/2022 07:22

** Shares of HPL Electric & Power Ltd  HPLE.NS  rise 6.4% to
101.25 rupees
    ** Stock of the electric equipment maker hits highest level
since Dec. 21, on track for a fifth consecutive session of gains
    ** HPLE on Friday said it received an order worth 1.61
billion rupees ($19.45 million) 
    ** More than 320,000 shares change hands by 12:30 p.m. IST,
0.5x the 30-day avg
    **Stock rises above the 50-day simple moving average, after
six sessions of having fallen below it
    ** Including session's gain, stock up 37.3% YTD
($1 = 82.7800 Indian rupees)
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))