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Shares of HBL Power Systems, maker of specialized batteries and electronic solutions, rose 9% on Tuesday to Rs. 285.85. This is a 52-week high for shares of HBL Power. The company recently received an order for the supply of ‘Kavach’, which prevents train collisions. Shares of HBL Power Systems have gained more than 2300% in 3 years.
Got an order for armor, made 24 lakh rupees for 1 lakh in 3 years
HBL Power Systems has tied up with Ashoka Buildcon Limited. Under this HBL Power is to supply anti-collision system armor. The value of the contract awarded to the company is around Rs 135 crore. Share of HBL Power on 22 May 2020 Rs. was at 11.76. On 22 August 2023, the shares of the company were Rs. 285.85 has been reached. If a person buys shares of HBL Power on May 22, 2020 for Rs. 1 lakh invested, then the current price of this stock is Rs. 24.30 lakh would have been.
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Shares of HBL Power have gained 253% in a year
Share of HBL Power on BSE on August 23, 2022 at Rs. was at 79.60. On 22 August 2023, the shares of the company on BSE were trading at Rs. 285.85 has been reached. The company’s shares have gained 253% in the last one year. Whereas, HBL Power shares have gained 173% in the last 6 months. While the company’s shares have increased by 165% so far this year. Shares of HBL Power have gained 67% in the last one month.
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The company does this
HBL Power mainly manufactures various types of batteries like Lead Acid, NiCad, Silver Zinc and Lithium. In addition, the company manufactures railway and defense electronics and solar photovoltaic modules.
Disclaimer: The information provided here is only about stock performance and does not constitute investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.