India's HBL Engineering tumbles after cutting order expectations
16/01/2026 05:37
** Shares of HBL Engineering HBLO.NS drop as much as 14% to 757 rupees, lowest since August 28, 2025 ** Co cuts Kavach loco units order expectations to 12,129 from earlier projection of 18,429 ** HBLO says it did not get any order from recent CLW loco Kavach tender for 6,300 units in 2026 because other bidder's prices were lower ** Trading volume at 6.7 mln shares vs 30-day avg of 2.1 mln shares ** In 2025, HBLO gained 49% (Reporting by Komal Salecha) ((Komal@thomsonreuters.com;))
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India's HBL Engineering tumbles after cutting order expectations