Market Recovery + Order Win Push HBL Engineering Higher

shares saw a sharp intraday rebound of up to 7% from the day’s low on Thursday, April 2, 2026, supported by a broader market recovery from lower levels. The upmove was further driven by a key business development, as the company secured a ₹179.79 crore order from Banaras Locomotive Works (BLW) for the deployment of Kavach Version 4.0. The contract includes supply, testing, and commissioning of the automatic train protection system, reinforcing HBL’s role in railway safety infrastructure. The execution timeline extends until February 15, 2027, ensuring steady project visibility. The company also confirmed that the transaction is conducted at arm’s length with no related party involvement. The stock ended the session with modest gains of around 1%. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.