Tuesday morning trading saw a 5% increase in the share price of multi-bagger stock H.G. Infra Engineering. The business declined to enter into a purchase agreement with NTPC Vidyut Vyapar Nigam Ltd. for battery energy storage.
Tuesday’s opening price of ₹1479.95 for H.G. Infra Engineering shares on the BSE was marginally higher than the closing price of ₹1460.20 for the previous day. The share price of H.G. Infra Engineering then increased even higher, reaching an intraday high of ₹1542.05, which represents gains of over 5%.
Investors have received multiple returns as a result of H.G. Infra Engineering’s share price rising 155% in only two years and 480% in just five.
On Monday, December 23, after market hours, H.G. Infra Engineering announced the signing of the agreement with the NTPC business.
H.G. Banaskantha Bess Private Limited, a wholly owned subsidiary of H.G. Infra Engineering Limited (the “Company”), entered into a Battery Energy Storage Purchase Agreement with NTPC Vidyut Vyapar Nigam Limited on December 23, 2024, according to the company’s announcement regarding the changes. The contract is for the long-term procurement of 185 MW and 370 MWH.
Analysts continue to see H.G. Infra Engineering favorably. Despite a traditionally poor Q2, H.G. Infra Engineering had a strong showing, according to analysts at Elara Securities India Pvt Ltd following the Q2 results. Going forward, execution is expected to continue at a steady rate in FY26 and FY27 due to strong inflows and the probable receipt of assigned dates for already-bagged projects (the Varanasi project, the Chennai Tirupati project by December 24 and a few more, including MSRDC orders by March 25). Based on Elara’s contribution from higher-margin solar projects, margins are probably going to be good. Elara had raised Accumulate’s ratings for H.G. Infra to Buy.
