New Delhi, May 14 -- Multibagger small-cap stock in focus on May 14: Shares of HBL Engineering, a leading player in the battery and power systems sector, rose 5% in early trade on Wednesday, May 14, hitting a high of Rs.531.50 apiece after the company received approval for Version 4.0 of its Kavach System.

"HBL received approval from the Research Designs and Standards Organization (RDSO) for Version 4.0 of the Kavach System. HBL is the first company to receive this approval," the company said in its exchange filing on Tuesday.

The company stated it will begin deliveries of the Kavach System (Version 4.0) against a total accumulated order book of Rs.3,763.83 crore, which it expects to complete within 24 months. Earlier this month, the co...