HFCL gains on receiving purchase order worth Rs 119.14 crore for supply of Optical Fibre Cables
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HFCL is currently trading at Rs. 77.25, up by 0.75 points or 0.98% from its previous closing of Rs. 76.50 on the BSE.
The scrip opened at Rs. 77.70 and has touched a high and low of Rs. 77.70 and Rs. 77.10 respectively. So far 24799 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. 83.00 and Rs. 72.85 respectively. The current market cap of the company is Rs. 10530.87 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 received the Purchase Order (PO) of Rs 119.14 crore, from one of the network and engineering service provider, for supply of Optical Fibre Cables (OFC). The contract is to be executed within Nine months.
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.
