HBL Power Systems Ltd Share Price – NSE  /  BSE

Dry cells, Small Cap

Shares of the battery manufacturer jumped 20.86% in the past five trading sessions to end at Rs 264.15 on 18 August 2023 from its recent closing low of Rs 218.55 on 10 August 2023.

On the BSE, 2 lakh shares were traded in the counter so far compared with average daily volumes of 4.32 lakh shares in the past two weeks. The stock hit a high of Rs 268 and a low of Rs 256.2 so far during the day.

The stock hit a 52-week high of Rs 268 on 21 August 2023. The stock hit a 52-week low of Rs 74.15 on 29 August 2022.

The stock had outperformed the market over the past one month, advancing 52.86% compared with 2.24% decline in the Sensex.

The counter had outperformed the market in past three months, surging 151.75% as against Sensex's 5.6% increase.

The scrip had also outperformed the market in past one year, soaring 235.45% as against Sensex's 9.29% jump.

On the technical front, the stock's daily RSI (relative strength index) stood at 79.122. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading below its 50-day, 100-day and 200-day simple moving average (SMA) placed at 252.22, 238.66 and 211.82, respectively. These levels will act as crucial support zones in near term.

HBL Power Systems (HBL) specializes in developing and manufacturing products and solutions for telecom, industrial, railways and defence applications. The company has seven fully integrated facilities manufacture batteries, electronics and engineered products based on in-house developed technologies. In addition to catering to niche sectors namely telecom, UPS, solar, defence and railways in India, HBL's products are marketed across the globe spanning 80+ countries.

The company's consolidated net profit zoomed 158.26% to Rs 51.73 crore on 46.2% increase in net sales to Rs 467.43 crore in Q1 FY24 over Q1 FY23.

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HBL Power Systems announced that the Annual General Meeting (AGM) of the company will be held on 28 September 2023.

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Net profit of HBL Power Systems rose 158.26% to Rs 51.73 crore in the quarter ended June 2023 as against Rs 20.03 crore during the previous quarter ended June 2022. Sales rose 46.21% to Rs 467.43 crore in the quarter ended June 2023 as against Rs 319.70 crore during the previous quarter ended June 2022.

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Net profit of HBL Power Systems rose 153.08% to Rs 48.54 crore in the quarter ended June 2023 as against Rs 19.18 crore during the previous quarter ended June 2022. Sales rose 45.69% to Rs 458.40 crore in the quarter ended June 2023 as against Rs 314.65 crore during the previous quarter ended June 2022.

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