HBL first came to my notice when the thread on the company was started by @Anant some time in May 2022. (HBL Power: Signs of change). The thread was full of most of the relevant details about the company and the investment triggers associated with it. It was clear after reading the company thread that this was a company that was undergoing transformation, and a lot of positive triggers were lined up.
Next came the techno funda picture. Stock price had hit an all time high of 76.50 back in Jan 2018, and post that in the small and midcap carnage that lasted nearly 2 years till Covid, it hit a low of 9.30 in March 2020 during Covid market crash. It started rallying post that and broke out of previous all time highs of 76.50 in February 2022, in the process forming a nice multi month rounding structure. Stock price spent many months around this breakout levels before moving strongly in June 2023 and since then has been in a strong uptrend.
The main clincher for me was the detailed write up that helped me understand the business and its associated triggers, the annual report with all the relevant details, and the techno funda picture at that time.. Stock price coming out of a nice rounding structure and clearing all time highs, ( or sometimes in other cases multiyear or 52 weeks highs) along with clear triggers lined up was a perfect set up for anyone practicing techno funda approach to investing.
Besides above factors, some very important books I would recommend for anyone interested would be One up On Wall Street by Peter Lynch (to teach the basics and art of investment) , How to make money in stocks by William O Neil ( bhagwad gita for techno funda investing) , and The Next Apple by Ivayly Ivanov. (very similar to O Neil book but they have taken few important learnings from the book and emphasised the importance on focussing on stocks clearing all time high, multi year highs and 52 week highs. There will be lots of stocks hitting these highs if markets are coming out of bear markets and turning bullish. But the next apple gives important pointers on which among these stocks to focus on. )