Multibagar stock rose 4000 percent in 5 years- now jump with big updates!
HBL Engineering is one of the multibagar shares in the Indian stock market. Stock has increased by more than 4000 percent in 5 years. Now, the domestic stock markets are up their ups and downs amidst the stress of Iran, but HBL engineering stock has increased by 5 % in a trading session on Monday. This is due to an important update.
Multibagar HL Engineering Stock Update ..
HBL Engineering shares increased by 5.04% to Rs. Reached 619.75. From there, a little, at 11:30 am, Rs. Trading at 598.
HBL Engineering announced in the coming weekends that it received letters of approval (LOA) from South Central Railway for two projects.
As part of the first project, South Central Railway LO has issued a track of 446 km in Vijayawada-Balarsha section, 10 locomotives and 48 stations to install Kawach system at 48 stations. HBL Engineering said in a regulatory filing on 14 June to complete the contract within 18 months. The total value of this contract is Rs. 132.95 crore (in combination with 18% GST).
In addition, the South Central Railway Company has also released a Kawach version 3.2 up to the 350 km track of the Mud Khed section (including mud khed) up to 4.0. The contract should be completed within 24 months, the total value of rupees. The company said on 15 June that it was 30.67 crore (including 18% GST).
HBL engineering has a total order book of Rs. 4,029.05 crores.
HBL Engineering Share Award History ..
In the last three months, the price of HBL engineering has increased by 45%. However, this year, so far has reduced by 5%. During the year, this stock received 26%. In particular, in the last two years, HBBL’s engineering share price has provided 316% multibagger returns. In the last five years, it has increased by 4,000%.
The company’s market capitalization of Rs. 16,662 crores. The company works in the supply of designing, menuctioning and power solutions. It is not established in 1977.
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