Back-to-Back Upper Circuit Stock: Industrial Products Manufacturer Hits 5% Upper Circuit, Company Secures Rs 26.94 Crore Domestic Orders

On Thursday, Indian markets are trading on a weak note, with the Nifty 50 declining 1.15 per cent to Rs 23,721.00 as of 2:30 PM, compared to its previous close of Rs 23,997.35. Amid this broader weakness, HRS Aluglaze's share price was trading at Rs 264.05, up 4.99 per cent from the previous close of Rs 251 as of 2:14 PM. Notably, the stock has surged around 21 per cent in the last three trading sessions, moving from Rs 216 to Rs 264 and hitting back-to-back Upper Circuits.

HRS Aluglaze Secures Rs 26.94 Crore Worth Orders

HRS Aluglaze Limited announced that it has secured multiple domestic contracts with a total order value of Rs 26.94 crore (excluding GST), to be executed over the next 3 to 12 months. 

The largest order, worth approximately Rs 10.19 crore, has been awarded by Safal Goyal Realty LLP for the supply, fabrication, and installation of aluminium windows, pipe fins, glass railings, casement windows, vents, and aluminium railing, with completion scheduled by September 30, 2026. 

Additionally, KEC International Limited placed an order worth around Rs 7.23 crore for aluminium composite cladding sheets, while Aaryan Build Projects LLP awarded a contract valued at Rs 6.59 crore for window-related work, both to be executed by September 2026.

Other smaller contracts include orders from Pinnacle Solutions (Rs 1.57 crore), PSP Projects Limited (Rs 0.99 crore), PSP Projects & Proactive Construction Pvt Ltd (Rs 0.30 crore), and Shiv Infrastructure (Rs 0.06 crore), covering facade work, doors, windows, and aluminium installations.

All contracts have been awarded by domestic entities, with no promoter group involvement.

About HRS Aluglaze

HRS Aluglaze Limited is engaged in the design, fabrication, and installation of aluminium and glass-based architectural products, including windows, facades, railings, and cladding systems. The company primarily caters to Real Estate and infrastructure projects across India. With a growing Order Book and execution pipeline, it continues to expand its presence in the building materials and façade solutions segment. 

As of now, the company has a market capitalisation of Rs 509 crore and is trading at a P/E multiple of 98.9. The stock has a 52-week high of Rs 292.60 and a 52-week low of Rs 126.00.

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Disclaimer: The article is for informational purposes only and not investment advice.