Multibagger stock: Shares of HBL Engineering jumped over 4% in intraday deals on Tuesday, August 12, following the announcement of an order win from the West Central Railway. With today’s rise, the multibagger engineering stock neared its record high level.
The company, in an exchange filing today, said, “We would like to inform the stakeholders that the West Central Railway has issued a letter of acceptance to HBL for Survey, design, supply, installation, testing and commissioning of trackside KAVACH equipment at stations/LC Gates locations including erection of towers and associated works required for KAVACH in Kota-Ruthiyai section and Sogaria-Kota “C” Section (166 Rkm) of Kota division of West Central Railway.”
The total contract value for the order is ₹54.12 crore, with the order expected to be completed within 700 days. The work order involves 166 kilometres of track and 19 stations.
Following the latest order win, HBL Engineering’s total accumulated order book stands at ₹4,083.17 crore.
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