1,500 crore order book: Shares of this small-cap stock surged over 10 per cent after receiving an order worth Rs 204 crore!

The stock gave multibagger returns of 115 per cent over the span of 2 years.

Today, shares of HPL Electric & Power Ltd surged 10.24 per cent to an intraday high of Rs 99.05 per share from its previous closing of Rs 89.85. At 03:30 pm, shares of the company ended the day in green, up 4.07 per cent to Rs 93.51 per share. The shares of the company saw a spurt in volume by more than 6.76 times on BSE.  

HPL Electric & Power informed the exchanges (BSE & NSE) that it has won smart meter orders worth Rs 204 crore (Rs 179.45 crore net of tax) from customers with a pan-India presence.   

With a robust pipeline of pending orders, the Company has been operating and supplying at an accelerated pace, aligning with the roll-out of government-led schemes for smart metering. The Company currently has an order book of over Rs. 1500+ crore.  

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HPL Electric & Power Limited is a leading electrical equipment manufacturer in India operating for the past 40 years. The shares of the company saw a spurt in volume by more than 6.76 times on BSE.  

According to the financials, HPL Electric & Power had a market cap of Rs 551 crore. The company reported positive numbers in both Quarterly Results and annual financial statements. The company is expanding its business and also executing orders at the forefront of the government scheme rollout for smart metering.  

The stock gave multibagger returns of 115 per cent over the span of 2 years. Investors should keep an eye on this small-cap consumer discretionary stock.