Multibagger Stock: HBL Power Systems shares soared 1254% in 3 years, jumped over 5360% in a decade

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HBL Power Systems, a prominent player in the battery and power systems sector, has emerged as a lucrative investment avenue in recent years, exhibiting sustained upward momentum in its share prices without significant pullbacks.Over the past twelve months alone, its shares have skyrocketed from ₹109 per share to the current trading price of ₹538.55 per share, translating to a remarkable gain of 394%. Long-term investors have witnessed even more impressive returns, with the stock delivering staggering gains of 1254% over the last three years and an astonishing 2143% over the past five years.In the span of a decade, the stock has witnessed an extraordinary surge of 5367%.Also Read: Responsive Industries shares jumped over 145% in 14 months; should you buy?Notably, the stock has consistently delivered positive returns on an annual basis, recording significant gains of 160%, 53%, 67%, and 312% in CY20, CY21, CY22, and CY23, respectively.In the current year, the stock has sustained its upward trajectory, registering a 24% increase from ₹437.90 to its current level.

In February, it breached the ₹600 milestone for the first time, reaching a new record high of ₹612 per share.HBL Power Systems is engaged in the design, development, and manufacturing of specialised batteries and electronic solutions. The company is also engaged in service activities related to its products.