Hirect shares in focus after firm bags orders worth ₹120 crore from Indian Railways, stock up 72% YTD

Hirect (formerly known as Hind Rectifiers) shares are set to remain in focus of stock market investors on Monday, July 27, after the company secured orders worth a total of ₹120 crore from the Indian Railways, according to an exchange filing.

NSE filings showed that the industrial products manufacturer secured orders to make Mainline Electric Multiple Unit (MEMU) trainsets and Vande Metro (Namo Bharat) trainsets from Indian Railways.

After Friday’s stock market session, Hirect shares closed 1.3% higher at ₹1,301.90 apiece, compared to ₹1,285 per share at the previous stock market close, according to NSE data. The company announced its order book updates over the weekend.

Order details

On Saturday, July 25, Hirect secured a ₹60 crore order from Indian Railways to develop the Vande Metro (Namo Bharat) trainset, according to the NSE filings. The trainset supply order is estimated to be executed within 21 months from the date of order book update.

Later on Sunday, July 26, the company also informed the stock exchanges that it has secured another ₹60 crore order from the Modern Coach Factory (MCF) of Indian Railways to supply Mainline Electric Multiple Unit (MEMU) trainsets.

According to the order details, the company is set to supply complete propulsion systems for four MEMU trainsets, in line with the terms and conditions of the railways.

The Modern Coach Factory order is also set to be executed within 24 months from the date of the order update, as per the exchange filing.

In total, both orders are expected to yield approximately ₹120 crore for the company in the upcoming period.

Name change update

According to the NSE filing on Friday, July 24, the Ministry of Corporate Affairs (MCA) approved the company’s decision to change its official name from “Hind Rectifiers Ltd” to “Hirect Ltd” effective from July 24, 2026.

“The MCA has issued a fresh certificate of incorporation pursuant to change of name on July 24, 2026. Accordingly, the name of the Company stands changed to ‘Hirect Limited’ and the Memorandum and Articles of Association of the Company stand altered to reflect the new name,” the company said in its exchange filing.

Hirect Ltd is an industrial products manufacturer which carries out development, designing, manufacturing, and marketing for power electronic and railway transportation equipment, as per the data collected from the official website.

Hirect shares up 72% YTD

Hirect share price has delivered more than 1,547% returns to its investors in the last five years, over 823% gains in the last three years, and more than 94% returns in the past one year period, according to NSE data.

On a year-to-date (YTD) basis, the company’s stock has rallied more than 72% in the current calendar year and has risen 12% in the last one-month period, as per the exchange data. Hirect shares were up over 4% in the last five trading sessions on the Indian stock market.

Shares of Hirect surged to their 52-week high of ₹1,399 on July 16, 2026, while the 52-week low was at ₹565.20 on January 27, 2026. The small-cap company’s market capitalisation (m-cap) was at ₹4,457.39 crore as of the stock market close on Friday, July 24, 2026.