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HFCL is currently trading at Rs. 77.55, up by 1.20 points or 1.57% from its previous closing of Rs. 76.35 on the BSE.

The scrip opened at Rs. 77.30 and has touched a high and low of Rs. 77.80 and Rs. 77.00 respectively. So far 37304 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 101.35 on 17-Jan-2022 and a 52 week low of Rs. 51.55 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 79.70 and Rs. 69.05 respectively. The current market cap of the company is Rs. 10519.18 crore.

The promoters holding in the company stood at 39.20%, while Institutions and Non-Institutions held 8.84% and 51.96% respectively.

HFCL has received approval to raise Rs 650 crore by way of private placement or preferential issue or public issue or rights issue or qualified institutions placement or through any other permissible mode and/or combination thereof, including by way of issue of equity shares/ preference shares/ bonds/ debentures/ non-convertible debt instruments/ any other securities, subject to approval of the shareholders in the ensuing annual general meeting and other regulatory/ governmental authorities, as may be required. The board of director at their meeting held on September 02, 2022 has approved the same.

The proceeds of the issue shall inter-alia be utilized towards enhancing the R&D facilities, setting up of new production facilities taking advantage of Production Linked Incentive (PLI) and Design Led Incentive (DLI) scheme and higher level of backward integration which will lead to significant improvement in the margins and profitability in the coming years.

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.