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HPL Electric surges on issuing Commercial Papers worth Rs 170 crore

15 Jun 2017 Evaluate

HPL Electric & Power is currently trading at Rs. 132.05, up by 12.80 points or 10.73% from its previous closing of Rs. 119.25 on the BSE.

The scrip opened at Rs. 119.00 and has touched a high and low of Rs. 135.40 and Rs. 119.00 respectively. So far 1,75,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 198.00 on 04-Oct-2016 and a 52 week low of Rs. 74.20 on 23-Nov-2016.

Last one week high and low of the scrip stood at Rs. 135.40 and Rs. 118.00 respectively. The current market cap of the company is Rs. 850.05 crore.

The promoters holding in the company stood at 72.15%, while public held 27.85%.

HPL Electric & Power has issued Commercial Papers (CPs) of Rs 170 crore. The tenure of the instrument is 90 days and allotted on June 14, 2017. The coupon/interest will be paid upfront at the rate of 7.50% per annum on maturity i.e. September 12, 2017. With this issue, the aggregate amount of commercial papers outstanding as on date is Rs 270 crore.

HPL Electric & Power is an electric equipment manufacturing company engaged in the business of manufacture and sell electric equipments including, metering solutions, switchgears, lighting equipment and wires and cables under the HPL brand.


HPL Electric Share Price

388.40 4.40 (1.15%)
08-May-2026 16:59 View Price Chart
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