HBL Engineering Shares Plunge 9% After Losing Major KAVACH Tender

• HBL Engineering Limited's shares dropped 9% to Rs 797.70 on January 16, after an intraday low of 13.6%.
• The significant sell-off was triggered by the company's failure to secure a major KAVACH tender for 6,300 locomotive units from Chittaranjan Locomotive Works (CLW).
• Despite the setback, HBL expects at least Rs 1000 crore in locomotive-related KAVACH orders for FY2027 and Rs 900 crore from KAVACH station business.
• The company projects total KAVACH-related sales of at least Rs 1900 crore in FY2027 and approximately Rs 1,880 crore in FY2026.
• HBL Engineering's share has seen a 31% rise in 6 months and a 2100% return over 5 years, with promoters holding 59.11%.

Why It Matters: HBL Engineering shares fell sharply due to a lost KAVACH tender, but the company remains optimistic about future orders.