Stock Market Today: Multibagger stock H.G. Infra Engineering Ltd share price gained up to 7% in morning trades on Monday. It announced having received Letter of award from NTPC Vidyut Vyapar Nigam Ltd
H.G. Infra Engineering share price opened at ₹1337.05 on the BSE on Monday, 4.77% higher than previous closing price of ₹1276.15. HG Infra Engineering share price thereafter gained to intraday high of ₹1363.70 marking gains of around 7%.
H.G. Infra Engineering share price that had risen to 1 year or 52 week high of ₹1880 in July 2024, though had corrected significantly with correction in the broader indices, nevertheless have given handsome returns to investors over time. H.G. Infra Engineering share price has risen more than 450% in last 5 years, giving Multibagger returns to the investors.
H.G. Infra Engineering share price gains on Monday were driven by an order book update. H.G. Infra Engineering Ltd has received an order for an NTPC Project.
H.G. Infra Engineering in its release on the exchange on Friday post market hours had said that it has received the letter of award from the NTPC Vidyut Vyapar Nigam Limited for a project. The NTPC Vidyut Vyapar Nigam project for which order has been secured by H.G.Infra Engineering is for setting up of 500 mw/1000mwh standalone battery energy storage systems in India with viability gap funding support
The broad consideration size of the referred project is 185 MW/370 MWh . The Tariff Rate is 238000 per MW/ per Month as per the release. H.G. Infra Engineering is to complete the order project in 1.5 years.
H.G Infra in October 2024 had received another similar order from NTPC Vidyut Vyapar Nigam Ltd.
While the order flow remans srong H.G. Infra September 2024 quarter performance had remained slightly soft with consolidated net profit at ₹80.7 Crore coming lower that ₹96 crore in the September 2023 quarter.
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