Mumbai: S&P BSE Smallcap Company HBL Power Systems Ltd has given multibagger returns to its investors in the last two years. The company’s shares have gained nearly 500 percent during this period. Its price was Rs 16.20 on 6 October 2020, which reached Rs 96.95 on 4 October 2022. Two years ago, if you had invested Rs 1 lakh in it, today you would have been playing for Rs 5.98 lakh. HBL Power Systems Ltd manufactures a wide variety of Batteries and other items. The company has made a name for itself in the manufacture of batteries, electronics and engineering items.
It is the largest manufacturer of industrial batteries in the country. This segment caters to several sectors like Telecommunications, UPS, Railways, Solar, Oil & Gas and Power Industries. The company manufactures many types of batteries. These include lead-acid, tubular gel, pure lead thin plate (PLT) and nickel-cadmium batteries. The company also provides the service of these products as well. The company’s business is spread over 80 countries. Its subsidiaries span the Americas, Europe and the Middle East. The company has six manufacturing factories in Telangana and Andhra Pradesh. Today the stock opened at Rs 98. In morning trade, it went to a high of Rs 100.70 and a low of Rs 97.25. So far 2,29,954 shares have been traded. The 52-week high of this stock on the BSE is 105.40 and the lowest level is Rs 47.
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