HRS Aluglaze Stock Hits Upper Circuit Amid Market Sell-Off
BSE SME stock hits 5% upper circuit despite Indian stock market sell-off
Mint
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HRS Aluglaze's stock price reached ₹225.75, hitting the 5% upper circuit limit on May 5, despite a broader decline in the Indian stock market. This surge follows the company's announcement of a ₹1.31 crore work order from PSP Projects Limited, enhancing its revenue visibility in the near term.
- 01HRS Aluglaze's stock locked in a 5% upper circuit at ₹225.75.
- 02The company secured a new work order worth ₹1.31 crore.
- 03The order involves supplying and installing aluminium windows over four months.
- 04HRS Aluglaze's stock is 23% below its 52-week high of ₹292.60.
- 05The company aims to build a diversified order book for long-term growth.
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On May 5, HRS Aluglaze's share price surged to ₹225.75, reaching the 5% upper circuit limit despite a 1% decline in both the Sensex and Nifty 50 indices due to rising tensions in the Middle East. This increase follows the announcement of a ₹1.31 crore work order from PSP Projects Limited for the supply and installation of aluminium windows, expected to be completed by August 31, 2026. The company is currently 23% below its 52-week high of ₹292.60, which it reached in March 2026, and it previously hit a low of ₹126 in December 2025. HRS Aluglaze's recent order wins, including contracts worth ₹11.45 crore from four clients, reflect a growing client trust and a strong execution pipeline. The company focuses on providing architectural aluminium solutions and aims to enhance its order book while maintaining quality and efficiency in execution.
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The new work order provides HRS Aluglaze with a steady revenue stream, which could positively influence its stock performance and investor confidence.
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