Harsha Engineers International Share Price Gains Over 2% After Major Order Win

Market Performance

Harsha Engineers International share price surged over 2% in early trade on August 4, reflecting positive investor sentiment after a major order win.

• Current Price: ₹418.35
• Gain: ₹10.80
• Percentage Rise: 2.65%
• Time of Quote: 09:17 AM (BSE)

The stock demonstrated a strong upward movement following the announcement of a new business deal.

Main News: ₹117 Cr Annual Order Secured

Harsha Engineers International has signed a long-term supply agreement with a leading multinational company.

Key Highlights:

• Order Value: ₹117 crore annually
• Agreement Tenure: 3 years (initial term)
• Product Supplied: Journal bearings and bushings
• Supply Scope: Company and its subsidiaries

This strategic order is expected to enhance the company’s revenue stream over the next few years.

Company Update: Plant Operations Begin

The company’s wholly owned subsidiary, Harsha Engineers Advantek, has commenced operations at its new facility in Ahmedabad, Gujarat.

• Commercial Production Start Date: June 26, 2025
• Location: Ahmedabad, Gujarat
• Milestone: Start of production and invoicing

This development marks a key expansion in the company's manufacturing capabilities.

Company Details

• 52-Week High: ₹580.40 (as on August 7, 2024)
• 52-Week Low: ₹330.00 (as on April 7, 2025)
• Current Price Positioning:
  • 27.92% below 52-week high
  • 26.77% above 52-week low
• Market Capitalisation: ₹3,808.83 crore

These metrics highlight the stock’s volatility and its position in the current trading range.

Financials and Upcoming Events

The company has also announced a scheduled meeting of its Board of Directors.

• Purpose: To approve standalone and consolidated unaudited financial results
• Period: Quarter ended June 30, 2025

Investors will be closely watching the financial disclosures to assess operational performance.

Summary of the Article

The Harsha Engineers International share price rose over 2% on August 4, following a significant ₹117 crore annual order from a global client. The company also started production at its new Ahmedabad facility via its subsidiary. With its current market cap at ₹3,808.83 crore, the stock trades between its recent highs and lows, indicating moderate volatility. The upcoming board meeting on quarterly results adds further interest to the stock.