Espresso Shot of the Day - HPL Electric & Power Ltd up by 14.26 percent

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Espresso Shot of the Day - HPL Electric & Power Ltd up by 14.26 percent

December 01, 2022
Espresso Shot of the Day - HPL Electric & Power Ltd up by 14.26 percent

HPL ELECTRIC & POWER LTD 112.55  (+14.26%) BSE – INE495S01016 | 1st December 2022

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HPL Electric & Power Ltd is a multi-product electric equipment company and is among the leading companies of India in the electrical equipment manufacturing segment with products ranging from LED Lightings, Industrial & Domestic Switchgears, Metering solutions, Wires & Cables, Modular Switches and Solar solutions covering the entire spectrum of commercial & industrial markets. We strongly believe in "Innovation & Technology"? being the key drivers of our products vis a vis other companies. Hence, we at HPL focus greatly on the design and development of these latest technologies and the products based on them in our highly equipped research and development centre, where industry veteran engineers test and trial the results of their research and deliver best in class & superior quality products while a separate highly efficient Quality team keeps a strict check on quality of the products just to make sure that the best in class products are available for millions of customers.


Recent Drivers

  • On November 11,2022, HPL Electric & Power Ltd reported a net profit of Rs. 6.27 crores in September 2022, up 26.15% from the Rs. 4.97 crores reported in September 2021.
  • On November 11,2022, HPL Electric & Power Ltd reported a net sale of Rs. 302.28 crores in September 2022, up 8.04% from the Rs. 279.79 crores reported in September 2021.
  • On September 6,2022, the board of directors in its meeting recommended a final dividend of Rs. 0.15 per equity share of Rs. 10 face value (1.5%) for the financial year ended 31st March 2022, subject to the approval of the shareholders.
  • The stock of the electric equipment manufacturing company has zoomed 50 per cent in the past one month on robust order book, and strong revenue visibility. In comparison, the S&P BSE Sensex has gained 6 per cent in one month. The management expects that the demand for the company's products from the domestic markets will continue unabated over the rest of FY23.
  • On August 26, the company said it has received the Empanelment Certificate from the Ministry of Power through its arm, Rural Electric Corporation (REC). This certificate enables company to participate in the massive opportunity to take a slice of the 25 crore (numbers) smart-meter market, expected to last for more than 10 years. 
         (Sources: BSE, Money control, Business Standard)


Technical Force

  • S&P BSE Small cap month till date gain by 0.63%.
  • 3 months avg. NSE volume: 522,566
  • Quantity traded: 6,56,184| Deliverable quantity: 2,16,672 (33.02%).
  • Stock price jumped by more than 120 % from a one-year low level: 50.80 (June 20, 2022)
  • Daily RSI (14) is in overbought territory today.
  • 52-week-high: 115.50| 52-week-low: 50.80.


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

150.90

121.40

95.80

66.30

40.70

11.20

-

-

Fibonacci Pivot

121.40

100.35

87.35

78.97

66.30

53.63

45.25

32.25

11.20


Today’s Close

112.55

SMA

BSE

10 DAY

96.87

20 DAY

97.01

50 DAY

85.72

200 DAY

69.67


Some Key Ratios (Source: BSE)

Market Cap:  723.70 Crores

PE: 23.06

OPM%: 12.31

ROE%:  4.07

Promoters holding%: 72.66

Prev. Close:  98.50


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.