HPL Electric & Power Ltd (HPLE) has been making significant strides in recent times. Here are the key points to consider:
1. Stock Performance:
- HPLE's stock price has surged to all-time highs following the election results.
- Currently trading around 452, it has broken past its previous highs.
- The critical support level lies at 400.
2. Technical Levels:
- The 50-day Exponential Moving Average (EMA) support is in the 377-380 range.
- Looks good on dips till 430/440 levels.
- A close above 430 could trigger a short-term move toward 475/494 or higher.
- Long-term prospects appear promising if the stock maintains its positive trajectory.
3. Valuation Comparison:
- HPLE's Price-to-Earnings (PE) ratio stands at 61.6 (TTM).
- In contrast, sector leaders Dixon and Voltas have much higher PE ratios (163 and 191, respectively).
Remember to conduct thorough research and consider various factors before making any investment decisions. If you need further insights, explore financial news platforms or technical charts for a comprehensive view .
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