Nifty Smallcap 100 Plunges to 14,986 Low: Why Mid- and Small-Caps Are Crashing Harder Than the Market in March 2026

  The Indian stock market witnessed intense selling pressure on March 23, 2026, as mid- and small-cap indices tumbled over 4% amid a broader market crash driven by escalating geopolitical tensions in the Middle East. The Nifty Midcap 100 index has now declined around 13% year-to-date in 2026, reflecting sharp corrections in broader market segments that have outperformed in previous years but are now facing heightened volatility. Sharp Intraday Declines in Midcap and Smallcap Indices The Nifty Smallcap 100 index opened at 15,565.30 on Monday but quickly slipped to an intraday low of 14,986, erasing significant ground in early trade. By the afternoon session, the selling intensified, with the index down over 4% at points during the day. Market breadth was overwhelmingly negative—except for isolated performers like Trident (up around 2.85%), virtually every stock in the Nifty Smallcap 100 traded in the red, signaling widespread panic across smaller companies. Similarly, the Nifty M...
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HPL Electric & Wirepas Unveil Cutting-Edge RF Solutions for AMI in India

 


HPL Electric & Power Ltd, a leading name in the electrical industry, has taken a significant step forward in the field of Advanced Metering Infrastructure (AMI) by partnering with Wirepas to introduce the market's first Wirepas-certified In-meter gateway for RF mesh. This groundbreaking technology was unveiled at Elecrama'25, setting a new benchmark in smart metering solutions.

Revolutionizing AMI with Advanced RF Solutions

The newly launched RF mesh solution eliminates the need for dedicated gateways, significantly reducing the total cost of ownership while offering best-in-class dynamic network management. This development represents a major leap in India's smart metering ecosystem, ensuring seamless connectivity, improved reliability, and enhanced efficiency in power distribution networks.

Key Benefits of HPL & Wirepas RF Mesh Solution

  • Cost Efficiency: Reducing infrastructure costs by eliminating dedicated gateways.
  • Dynamic Network Management: Ensuring robust connectivity with self-healing capabilities.
  • Scalability: Easily adaptable for large-scale deployments.
  • Enhanced Reliability: Offering a secure, interference-free communication network for utilities.

HPL Electric & Power Ltd – Market Overview

HPL Electric & Power Ltd has established itself as a prominent player in India's electrical sector, offering a diverse range of products, including metering solutions, switchgear, lighting, and wires & cables. The company’s recent innovations reinforce its commitment to technological advancement and customer-centric solutions.

Key Financial Metrics:

  • Market Cap: ₹2,555 Cr.
  • Current Price: ₹397
  • 52-Week High/Low: ₹694 / ₹275
  • Stock P/E: 36.3
  • Book Value: ₹135
  • Dividend Yield: 0.25%
  • ROCE: 11.1%
  • ROE: 5.45%
  • Face Value: ₹10.0

Conclusion

The collaboration between HPL Electric and Wirepas signifies a transformative shift in India's AMI landscape. By integrating Wirepas-certified In-meter gateway technology, HPL is not only reducing infrastructure complexities but also paving the way for a more efficient, cost-effective, and scalable smart metering ecosystem. This innovation is poised to play a crucial role in India's push towards smarter and more sustainable energy management.

Location:Nainital Uttarakhand ,India India

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