In plain words
Because it shows the Self as plainly as an amla fruit in the palm, this hymn is named Hastamalaka Stotram. More than that: the boy, great in that knowledge, was praised by everyone in this world as Hastamalaka. How wonderful!
Word for word
Because it shows the Self like an amla fruit in the palm, this received the name Hastamalaka Stotram. And that boy, great in knowledge, was praised by all in this world as Hastamalaka. What wonder!