HBL Engineering, formerly known as HBL Power Systems Ltd, has seen one of its promoters, Aluru Uma Devi, increase her stake in the company through open-market transactions.
According to regulatory disclosures, Uma Devi acquired 7,13,824 shares between February and March 2020, raising her shareholding from 0.01% to 0.27%. The change reflects additional investment confidence by a member of the promoter group.
Key details
| Particular | Details |
|---|---|
| Promoter | Aluru Uma Devi |
| Mode of acquisition | Open market |
| Shares acquired | 7,13,824 |
| Acquisition period | Feb – Mar 2020 |
| Shareholding before | 0.01% |
| Shareholding after | 0.27% |
| Total company shares | 27,71,94,946 |
The transactions were made in compliance with SEBI’s disclosure norms for promoter shareholding changes and were reported to the exchanges accordingly.
About HBL Engineering
HBL Engineering, listed on both NSE and BSE, operates in the power systems and engineering solutions space. The company has a total equity capital of 27.72 crore shares.
A promoter increasing stake often signals long-term confidence in business prospects, although investor decisions should consider broader market and company fundamentals.
Stock performance snapshot
| Period | Return |
|---|---|
| 1 Day | +0.21% |
| 5 Days | +7.85% |
| 1 Month | +23.51% |
| 6 Months | +108.50% |
| 1 Year | +48.54% |
| 5 Years | +48.54% |
