HFCL climbs on bagging purchase orders worth Rs 137.63 crore
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HFCL is currently trading at Rs. 66.05, up by 2.25 points or 3.53% from its previous closing of Rs. 63.80 on the BSE.
The scrip opened at Rs. 63.81 and has touched a high and low of Rs. 66.75 and Rs. 63.76 respectively. So far 1080689 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 88.80 on 09-Dec-2022 and a 52 week low of Rs. 55.75 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 66.75 and Rs. 63.50 respectively. The current market cap of the company is Rs. 9141.43 crore.
The promoters holding in the company stood at 39.24%, while Institutions and Non-Institutions held 10.48% and 50.29% respectively.
HFCL along with its material subsidiary, HTL, has received the purchase orders aggregating to around Rs 137.63 crore from Reliance Retail for supply of optical fiber cables to one of the leading private telecom operators of the country. The said order is expected to be executed by December, 2023.
HFCL is a leading telecom infrastructure developer, system integrator and manufacturer of high-end telecom equipment and optical fibre cables, having its own manufacturing facilities at Solan and Goa, and its subsidiary i.e. HTL facilities in Chennai and Hosur.
