India's HPL Electric & Power up on $29 mln order win

HPL Electric & Power

16/01/2024 04:26

** Shares of HPL Electric & Power  HPLE.NS  up ~2% to 289.85
rupees in early trade
    ** Electric equipment maker said it received orders worth
2.40 bln rupees (nearly $29 mln) for making smart meters 
    ** Stock has been trading above its 200-day simple moving
avg since March 2023
    ** Shares log gains after falling for three straight
sessions; they have lost ~3% in past three sessions
    ** Stock rose ~149% in 2023, highest yearly gains since
listing in 2016 




($1 = 82.9720 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))