HBL Engineering Share Price Jump 8% After Fresh Tender Visibility Boosts Demand Outlook

Nickel-Cadmium battery maker HBL Engineering share price surged over 8% on Thursday, December 18, after the company shared an important business update with stock exchanges. The stock touched an intraday high of ₹826 per share on the NSE.

Despite this rally, the stock is still about 26% below its 52-week high of ₹1,122, which it hit in November 2025.

At around 1:53 PM, HBL Engineering was trading nearly 7% higher at ₹816, outperforming the broader market, while the Nifty 50 was marginally positive. The company’s market capitalisation stood at about ₹22,648 crore.

What Triggered the HBL Engineering Share Price Surge?

HBL Engineering informed exchanges that it had received an order in 2024 to supply 2,200 Loco TCAS units, with a delivery deadline of December 13, 2025. By the deadline, the company had successfully delivered and installed 1,659 units, accounting for 75.4% of the order.

As per the purchase order terms, the remaining 541 undelivered units were treated as cancelled.

Bigger Opportunity Ahead Through Fresh Tenders

The company highlighted that out of 10,000 TCAS units tendered in 2024, only about 3,000 units were delivered collectively by all suppliers. The remaining 7,000 units are expected to be reissued through a fresh tender.

In addition, 3 new tenders covering 11,429 units have already been floated and may be finalised before March 31, 2026.

This takes the total visible demand for the next year to 18,429 units, a level that was not anticipated earlier by the company.

Read More: Silver ETFs See Strong Gains in 2025 as UTI and ICICI Prudential Funds Lead the Rise.

Conclusion

HBL Engineering’s sharp stock rally was driven by improved demand visibility from upcoming and reissued tenders. While the stock remains below its recent peak, expectations of large fresh orders have strengthened investor confidence in the company’s growth outlook.

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