4,500 Per Cent Returns & 52-Week High Alert: Small-Cap Company Bags KAVACH Order Worth Rs 1,522.40 Crore from Chittaranjan Locomotive Works
The stock gave multibagger returns of 600 per cent in 2 years and a whopping 4,500 per cent in 5 years.
On Monday, shares of HBL Engineering Limited (Formally known as HBL Power Systems Ltd) zoomed 6.23 per cent to make a new 52-week high of Rs 738.65 per share from its previous closing of Rs 695.35.
HBL Engineering Limited (formerly known as HBL Power Systems Limited) has secured a significant order worth Rs 1,522.40 crore (excluding taxes) from Chittaranjan Locomotive Works (CLW). This domestic contract entails the supply, installation, and commissioning of on-board Train Collision Avoidance System (TCAS) or KAVACH equipment in 2,200 locomotives. The project is slated for completion within a year from the issuance of the purchase order. This substantial order underscores HBL Engineering Limited's commitment to enhancing railway safety and its ability to deliver complex technological solutions.
HBL Engineering Ltd., a prominent player in the power systems industry, has been innovating and delivering cutting-edge solutions since its inception in 1983. The company has carved a niche for itself in the global market, particularly in the industrial nickel batteries segment, where it holds the second position. Additionally, it ranks third in India's VRLA lead batteries segment and is the sole manufacturer of PLT lead batteries in the country.
HBL Engineering's business operations are diversified across multiple verticals. The Industrial Batteries segment, contributing significantly to the company's revenue, caters to a wide range of sectors including telecom, oil and gas, and power. Notably, the company's products power Vande Bharat trains and are trusted by global giants like Siemens and Hitachi. The Defense & Aviation Batteries segment focuses on providing reliable power solutions for critical military applications, including aircraft, missiles, and armored vehicles. In the Electronics segment, HBL Engineering is at the forefront of technological advancements, developing innovative solutions like Train Collision Avoidance Systems (TCAS) and Train Management Systems (TMS). The company's foray into electric mobility, with the development of electric drive trains for heavy-duty trucks, further solidifies its commitment to sustainable and efficient transportation.
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The company has a market cap of over Rs 20,000 crore and has delivered good profit growth of 66.1 per cent CAGR over the last 5 years. The stock gave multibagger returns of 600 per cent in 2 years and a whopping 4,500 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.