Superstar of 2022: Ambareesh Baliga picks HPL electric for good return in 12 months? Check target

In conversation with Zee Business Managing Editor Anil Singhvi on Tuesday, market expert Ambareesh Baliga suggested a stock that should be included in an investor's portfolio for good returns in the New Year.  

Baliga was speaking on Zee Business special show '2022 ke Superstar'. The show has been designed to help investors build a strong portfolio going forward in the 2022. These stocks are picked by well-known market experts, who identify the shares based on their fundamental and potential to garner maximum return for investors.  

See Zee Business Live TV Streaming Below:

In this special show on Thursday, Ambareesh Baliga picked HPL Electric & Power Ltd. He said this company is market leader in low voltage electric market. IT has around 20% market share in domestic electric meter, 50% in electric switches and it is also the fifth-largest manufacturer of LED lighting products in India, said Baliga. IT has a strong visibility with good presence in switch, wires and cable segments.  

"It has order book of Rs 859 crore.  Also, as many as 25 crore smart meters are to be installed in India under power reforms in the next few years, this will also help this share going forward in the New Year. Besides, around Rs 5,000 crore of tender are set to be floated in the next few months in this space too. This segment is going to witness an explosive growth in near future," said Baliga, adding that one can buy this share for the target of Rs 100 in 12 months' time.  

#2022KeSuperstar 

2022 में कौन सा शेयर करेगा कमाल?

पोर्टफोलियो में किस शेयर को करें शामिल?

नए साल के लिए अंबरीश बलिगा का तोहफा

देखिए 2022 में कौन सा शेयर बनेगा सुपरस्टार?

अनिल सिंघवी के साथ...#ZeeBizNewYear | @AnilSinghvi | @ambareeshbaliga pic.twitter.com/nBKaxdTlr2

— Zee Business (@ZeeBusiness) December 16, 2021

Shares of HPL Electric settled one per cent higher at Rs 72.80 per share on the BSE Thursday. This consumer electronic share hit 52-week high of Rs 91.90 per share in July this year.  The shares have touched the year's low value of Rs 33 per share on December 16 last year.