HPL Electric is set to thrive on “Smart Meters” opportunity. Govt is targeting installation of 25 crore smart meters to reduce distribution losses. HPL is market leader with ~20% market share. Order backlog is ₹ 2000+ crore. HPL is well positioned to witness healthy growth led by strong demand. Target price is ₹ 305
HPL Electric is set to thrive on “Smart Meters” opportunity
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