04 Aug 2025

Harsha Engineers Shares Jump 2.49% After Signing RS. 117 Crore Annual Supply Deal

Harsha Engineers International is currently trading at RS. 417.70, up by 10.15 points or 2.49% from its previous close of RS. 407.55 on the BSE.

The stock opened at RS. 421.85 and has touched a high of RS. 425.00 and a low of RS. 414.75 so far. A total of 4838 shares have been traded on the counter.

This BSE group 'B' stock, with a face value of RS. 10, recorded a 52-week high of RS. 583.70 on August 2, 2024, and a 52-week low of RS. 330.00 on April 7, 2025. Over the past week, the stock has ranged between RS. 434.90 and RS. 405.95. The company’s current market capitalization stands at RS. 3802.91 crore.

The promoter holding in the company is 74.72%, while institutional and non-institutional investors hold 12.73% and 12.54%, respectively.

In a significant development, Harsha Engineers International has signed a long-term agreement with a leading multinational company for the supply of journal bearings and bushings. The agreement, effective for an initial period of three years, is expected to generate annual revenue of RS. 117 crore.

Harsha Engineers is India’s largest manufacturer of precision bearing cages by revenue in the organized sector and is among the global leaders in this segment. The company provides a diverse range of precision engineering products across various geographies and end-user industries.