HBL Engineering zooms after getting RDSO’s approval for Kavach System (Version 4.0)
HBL Engineering is currently trading at Rs. 535.95, up by 29.50 points or 5.82% from its previous closing of Rs. 506.45 on the BSE.
The scrip opened at Rs. 506.45 and has touched a high and low of Rs. 537.50 and Rs. 506.45 respectively. So far 55056 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 738.65 on 16-Dec-2024 and a 52 week low of Rs. 404.30 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 537.85 and Rs. 452.05 respectively. The current market cap of the company is Rs. 14562.44 crore.
The promoters holding in the company stood at 59.11%, while Institutions and Non-Institutions held 5.19% and 35.70% respectively.
HBL Engineering has received approval from Research Designs and Standard Organization (RDSO) for Version 4.0 of the Kavach Systems. It is the first company to receive this approval.
The company can begin deliveries of Kavach System (Version 4.0) against total accumulated order book of Rs 3,763.83 crore. These contracts will be completed within 24 months.
HBL Engineering (formerly HBL Power Systems) is the pioneer in the design, development and manufacture of specialized batteries and DC systems in India. It has more than 30 years of experience in the field of specialized batteries and DC power systems.
