HBL Power Share Price 25 May 2024
ππ Battery and power system sector’s leading company HBL Power Systems has generated strong returns for its investors. In the past year, the company’s shares have surged from βΉ109 to βΉ538.55, providing a 394% return to investors. The HBL Power Systems stock is currently trading at βΉ536.20, down by 0.66% on Friday, May 24, 2024.
ππ° Over the past three years, the company has delivered a remarkable 1254% return to its investors. In the last five years, investors have seen a whopping 2143% return on their investments. And over the past decade, the company’s shares have grown by an impressive 5367%.
πΌπ HBL Power Systems stock has risen by 24% from βΉ437.90 to its current value. In February, the company’s shares crossed the βΉ600 mark.
ππ» HBL Power Systems primarily operates in the design, development, and manufacturing of special batteries and electronic solutions. The company runs its business through three primary segments: battery, electronics, and defense. It is the world’s second-largest nickel-cadmium battery manufacturer and India’s third-largest telecom battery manufacturer, as well as the only Indian company with pure lead battery technology.
π°π In the December quarter, HBL Power Systems reported a revenue of βΉ595 crore, with a net profit of βΉ76 crore, a 230% increase from the same period last year. In the previous financial year, the company earned a net profit of βΉ23 crore in the same quarter.
πΈπ In the last six months, the company’s shares have already provided a 56.17% return to its investors.
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