HFCL gains on bagging orders worth Rs 123.84 crore

HFCL is currently trading at Rs. 63.31, up by 0.20 points or 0.32% from its previous closing of Rs. 63.11 on the BSE.

The scrip opened at Rs. 63.24 and has touched a high and low of Rs. 63.70 and Rs. 62.80 respectively. So far 243561 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. 51.55 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 64.19 and Rs. 61.07 respectively. The current market cap of the company is Rs. 8721.21 crore.

The promoters holding in the company stood at 39.24%, while Institutions and Non-Institutions held 9.16% and 51.60% respectively.

HFCL, along with its material subsidiary – HTL, has received the purchase orders aggregating to around Rs 123.84 crore (including applicable GST) from Reliance Projects & Property Management Services (Formerly Reliance Digital Platform & Project Services). The order is for supply of Optical Fiber Cables. The orders are to be executed by October, 2023.

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.