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HPL ELECTRIC & POWER Gains 7%; BSE CAPITAL GOODS Index Up 3.4%
Mon, 25 Nov 9:36

HPL ELECTRIC & POWER Gains 7%; BSE CAPITAL GOODS Index Up 3.4%Image source: alexsl/www.istockphoto.com

HPL ELECTRIC & POWER share price has zoomed 7% and is presently trading at Rs 514.0.

Meanwhile, the BSE CAPITAL GOODS index is at 69,705.4 (up 3.4%).

Among the top gainers in the BSE CAPITAL GOODS index today are Bharat Electronics (up 5.0%) and Siemens (up 4.8%).

Thermax (down 1.3%) is among the top losers today.

Over the last one year, HPL ELECTRIC & POWER has moved up from Rs 210.7 to Rs 514.0, registering a gain of Rs 303.4 (up 144.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,608.7 to 69,705.4, registering a gain of 43.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 106.3%), HINDUSTAN AERO. (up 100.3%) and Siemens (up 100.1%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,414.4 (up 1.6%).

The top gainers among the BSE Sensex today are L&T (up 3.7%) and M&M (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 24,287.0 (up 1.6%). Bharat Electronics and Shriram Transport are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,930.8 to 80,414.4, registering a gain of 14,483.6 points (up 22.0%).

HPL ELECTRIC & POWER Financial Update...

HPL ELECTRIC & POWER net profit grew 95.8% YoY to Rs 216 million for the quarter ended September 2024, compared to a profit of Rs 110 million a year ago. Net sales rose 20.5% to Rs 4,223 million during the period as against Rs 3,505 million in July-September 2023.

For the year ended March 2024, HPL ELECTRIC & POWER reported 44.2% increase in net profit to Rs 436 million compared to net profit of Rs 302 million during FY23. Revenue of the company grew 15.7% to Rs 14,609 million during FY24.

The current Price to earnings ratio of HPL ELECTRIC & POWER, based on rolling 12 month earnings, stands at 51.4.


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