HFCL rises on launching pioneering suite of 5G products, network solutions
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HFCL is currently trading at Rs. 65.95, up by 0.79 points or 1.21% from its previous closing of Rs. 65.16 on the BSE.
The scrip opened at Rs. 65.69 and has touched a high and low of Rs. 65.20 and Rs. 65.39 respectively. So far 48316 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 88.80 on 09-Dec-2022 and a 52 week low of Rs. 55.75 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 66.72 and Rs. 61.52 respectively. The current market cap of the company is Rs. 9309.88 crore.
The promoters holding in the company stood at 37.84%, while Institutions and Non-Institutions held 12.99% and 49.17% respectively.
HFCL has unveiled a pioneering suite of 5G products and network solutions at the India Mobile Congress 2023, Asia’s one of the largest telecom and digital technology forum, held during October 27, 2023 to October 29, 2023. It has launched a comprehensive suite of next-gen connectivity products and solutions for the international markets, including 5G FWA (Fixed Wireless Access) CPE (Customer Premise Equipment), IP MPLS Routers, 2 Gbps UBR (Unlicensed Band Radio) and 1728-high fibre count IBR (Intermittently Bonded Ribbon) Optical Fibre Cable.
The company has unveiled its own designed and developed 5G FWA (Fixed Wireless Access) CPE (Customer Premise Equipment) solution in various variants. Pioneering innovative technology products, HFCL’s portfolio of Indoor and Outdoor 5G FWA CPE products will accelerate wireless broadband penetration in urban, rural areas and help bridge the last-mile connectivity challenge in key global markets. Built to complement wired broadband connections in areas where fibre rollout is limited, HFCL’s range of 5G FWA CPE support both 5G SA and NSA technologies across multiple Sub-6 GHz and mmWave frequency bands to offer cost-effective and fibre-like speeds to customers using the 5G network.
Marking a significant leap in offering 5G backhauling and carrier-grade enterprise wireless connectivity, the launch of 2 Gbps UBR positions HFCL as a dominant player in the growing Indian and global UBR market. This innovative product offers a low-latency, 2 Gbps connectivity solution which can operate across an extended 5GHz frequency range. It is designed for easy installation, effortless management, high reliability and has advanced security features to protect from external threat vectors. Further, in comparison to traditional backhaul solutions, 5G wireless backhauling with 2 Gbps UBR will enable HFCL’s customers to save up to 75% on the total cost of ownership (TCO).
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.
