HFCL gains on choosing CommAgility 5G Software for Indoor Small Cells
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HFCL is currently trading at Rs. 86.50, up by 1.40 points or 1.65% from its previous closing of Rs. 85.10 on the BSE.
The scrip opened at Rs. 85.65 and has touched a high and low of Rs. 86.65 and Rs. 84.05 respectively. So far 884681 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 95.70 on 06-Jul-2021 and a 52 week low of Rs. 23.00 on 12-Apr-2021.
Last one week high and low of the scrip stood at Rs. 89.20 and Rs. 83.05 respectively. The current market cap of the company is Rs. 11625.25 crore.
The promoters holding in the company stood at 41.89%, while Institutions and Non-Institutions held 4.59% and 53.52% respectively.
HFCL has chosen CommAgility's 5G new radio (NR) software for use in its 5G indoor small cells. HFCL is using CommAgility's flexible, configurable 5G NR physical layer (PHY) and Digital Front-End (DFE) software for deployment across consumer, enterprise and industry verticals. As part of CommAgility's implementation, the company is providing support services to install its software with HFCL's baseband and RF hardware.
HFCL is investing in building a complete portfolio of products for 5G Radio Access Network and 5G Transport. This includes 8T8R/32T32R Macro RU, Indoor/Outdoor Small Cell, Cell Site Router and Aggregation Routers for fronthaul, midhaul and backhaul.
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.
