HBL Power soars 8%, hits new high on healthy outlook; up 208% in 6 months
CARE Ratings expects total operational income of HBL to grow over 25% YoY (backed by strong demand) in FY24 along with sustaining its operating margins.
Shares of HBL Power Systems hit a record high of Rs 309.80, as they rallied 8 per cent on the BSE in Wednesday’s intra-day trade on healthy business outlook. The stock of auto components & equipments company surpassed its previous high of Rs 294.90 touched on August 24, 2023.
CARE Ratings expects total operational income of HBL to grow over 25% YoY (backed by strong demand) in FY24 along with sustaining its operating margins.
Shares of HBL Power Systems hit a record high of Rs 309.80, as they rallied 8 per cent on the BSE in Wednesday’s intra-day trade on healthy business outlook. The stock of auto components & equipments company surpassed its previous high of Rs 294.90 touched on August 24, 2023.