HFCL rises on bagging purchase orders worth Rs 76.21 crore
HFCL is currently trading at Rs. 90.20, up by 1.70 points or 1.92% from its previous closing of Rs. 88.50 on the BSE.
The scrip opened at Rs. 90.47 and has touched a high and low of Rs. 90.47 and Rs. 88.96 respectively. So far 283597 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 171.00 on 23-Sep-2024 and a 52 week low of Rs. 71.50 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 91.26 and Rs. 76.87 respectively. The current market cap of the company is Rs. 12922.02 crore.
The promoters holding in the company stood at 34.37%, while Institutions and Non-Institutions held 18.59% and 47.04% respectively.
HFCL has secured purchase orders (POs) aggregating to around Rs 76.21 crore. These orders include an export order worth $6.91 million (equivalent to around Rs 59.19 crore) from an overseas telecommunications company and a domestic order of around Rs 17.02 crore from ITI, a prominent public sector undertaking of the country. The export order is to be executed by September 2025, while the domestic order is to be executed by June 2025.
These orders are for the supply of various types of optical fiber cables, reaffirming the trust of company’s domestic and international customers in the company’s manufacturing capabilities and product quality.
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.
