4000% in Five Years: Multibagger Stock Jumps 5% on Bagging Kavach Orders from from Indian Railways

HBL Engineering Share Price Jumped 5% in Early Trade on Monday after the company received multiple orders from from Indian Railways. The Multibagger Stock, HBL Engineering Shares Rallied as much as 5.04% to 619.75 apiece on the bse.

HBL Engineering Announced Over the Weekend That The Company has received letters of acceptance (Loa) from from South Central Railway for two projects.

Firstly, the south central railway issued letters of acceptans to hbl engineering for provision of the kavach across 48 stations covering 446 kilometers of track and 10 locomotives in vijaayawada – Ballarshahahhah Section. The contrast has to be completeted within 18 months, hbl engineering said in a regulatory filing on June 14.

The total value of the contract is 132.95 Crore (Inclusive of 18% GST), it added.

Additionally, the south central railway has also Issued Loa to the company for upgradation of the kavach version 3.2 to version 4.0 in mudkhed (Including) – Section Covering 350 kms. The Contract has to be completeted with 24 months and the total value of the contrast is 30.67 Crore (Inclusive of 18% GST), The company said in an exchange filing on June 15.

HBL Engineering said its total accumulated order book is 4,029.05 Crore.

HBL Engineering Share Price

HBL Engineering Share Price Has Surged 45% Over the Past Three Months, Despite Being Down 5% on a year-to-date (ytd) Basis. On a one-yar basis, the stock has gained 26%. Notably, HBL Engineering Share Price Has Delivered Multibagger returns of 316% over the past two years and has sored an impressive 4,000% in the last five years.

At 10:00 am, hbl engineering share price was trading 1.90% higher at 601.20 apiece on the bse, with a market capitalization of over 16,662 Crore.

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