Stock market today, April 1 -- HBL Power Systems, a leading player in the battery and power systems sector, saw its shares surge by 10.3% in intraday trade on Tuesday, April 01, reaching a six-week high of Rs.520.65 per share following multiple orders from Central Railway.

On Monday, the company informed investors through an exchange filing that it had secured five Letters of Acceptance for the provision of Kavach across 413 stations, covering 3,900 kilometers. Each contract should be completed within 18 months, with the total value of all five contracts amounting to Rs.762.56 crore (inclusive of 18% GST), as per the filing.

This was the company's third order win in March. On Friday, the company stated that the HBL-Shivakriti Consortium...