Why HBL Power Systems share price rallied over 12% today? Explained2 min read 06 Jun 2023, 07:20 PM IST
The stock prices of anti-collision device makers have witnessed a surge in the past few sessions on the growing optimism surrounding the potential deployment of the Kavach system, an automatic train protection system, following the recent Odisha train tragedy.
Shares of HBL Power Systems rallied more than 12 per cent to hit a 52-week high of ₹139.40 on the BSE during Tuesday's session, continuing its rally over the optimism of Kavach system as the government plans to expedite its wide-scale adoption across the Indian Railways network. In the past two trading days, the stock of the auto components and equipment company has surged almost 19 per cent. HBL was also among the top gainers on stock exchanges BSE and NSE today.
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