HFCL surges on getting approval as ‘Trusted Source’ from National Security Council Secretariat
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HFCL is currently trading at Rs. 79.40, up by 2.40 points or 3.12% from its previous closing of Rs. 77.00 on the BSE.
The scrip opened at Rs. 76.75 and has touched a high and low of Rs. 79.75 and Rs. 75.10 respectively. So far 1224130 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. 79.75 and Rs. 72.85 respectively. The current market cap of the company is Rs. 10572.17 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 been recognized as the 'Trusted Source' by National Security Council Secretariat (Trusted Telecom Cell), a part of National Security Council who advises the Prime Minister's Office on matters of national security and strategic interest.
With this approval, HFCL has become the 'Trusted Source' for all Indian Telecom Service Providers (TSPs) for sourcing their telecom active network products and infrastructure and has become one of the few companies to have received the 'trusted sources' approval in the Country.
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.
