Hirect gains on securing first order from US for traction motor assemblies
Hirect is currently trading at Rs. 1330.35, up by 6.45 points or 0.49% from its previous closing of Rs. 1323.90 on the BSE.
The scrip opened at Rs. 1346.45 and has touched a high and low of Rs. 1354.95 and Rs. 1325.00 respectively. So far 5369 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1400.00 on 16-Jul-2026 and a 52 week low of Rs. 568.55 on 27-Jan-2026.
Last one week high and low of the scrip stood at Rs. 1358.00 and Rs. 1,254.25 respectively. The current market cap of the company is Rs. 4731.95 crore.
The promoters holding in the company stood at 43.92%, while Institutions and Non-Institutions held 6.76% and 49.32% respectively.
Hirect has secured its first order from the United States (US) for Traction Motor Assemblies, marking its initial entry into the U.S. market and further advancing the company's efforts to expand its international presence. The order is scheduled for delivery during FY27.
The development establishes a foundation for expanding customer relationships and pursuing additional opportunities in the U.S. market. It also reinforces the company’s long-term strategy of gradually expanding its international footprint through sustained engagement with customers across global markets.
As the company continues to strengthen its international presence, it remains focused on leveraging its engineering expertise, manufacturing capabilities and strategic global partnerships to expand its reach and create new growth opportunities over the long term.
