The corporate said in its submitting, “We wish to inform you that an order value Rs 1,522.40 crore (plus relevant taxes) has been obtained from Chittaranjan Locomotive Works for the availability, set up, and commissioning of on-board TCAS (KAVACH) gear in locomotives.”
The order contains the set up of KAVACH methods on 2,200 locomotives and is anticipated to be accomplished inside 12 months from the date of the acquisition order.
HBL Energy Techniques reported a 27.1% year-on-year enhance in consolidated internet revenue for Q2 FY25, reaching Rs 87.26 crore in comparison with Rs 68.67 crore in Q2 FY24. Nonetheless, income from operations declined by 6.4% to Rs 520.96 crore for the quarter ended 30 September 2024.
On Friday, HBL Energy Techniques shares closed at Rs 695.3, up 3.5% on the BSE, whereas the benchmark Sensex surged 1.04%. The inventory has gained 59percentso far in 2024 and 540% over the previous two years, with the corporate’s market capitalization now at Rs 19,274 crore.
Technically, the inventory’s relative power index (RSI) is at 72.6. In keeping with Trendlyne, RSI above 70 is taken into account overbought. This suggests that inventory could present pullback. Moreover, the MACD is at 22, which is above its heart and sign Line, this can be a bullish indicator.The inventory is buying and selling beneath its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day easy transferring averages (SMAs) whereas buying and selling above SMAs.Additionally Learn: Sizzling Shares: 5 shares that will give returns between 11-30%
HBL Energy Techniques focuses on growing and manufacturing merchandise for telecom, industrial, railways, and protection functions. With seven totally built-in manufacturing amenities, the corporate produces batteries, electronics, and engineered merchandise based mostly on in-house applied sciences. HBL caters to area of interest sectors comparable to telecom, UPS, photo voltaic, protection, and railways in India and exports its merchandise to over 80 nations.
(Disclaimer: Suggestions, strategies, views and opinions given by the consultants are their very own. These don’t characterize the views of the Financial Occasions)