HFCL Ltd Reports Market Worth of ₹8,927 Cr on Friday
Key Highlights :
With a market worth of ₹ 8,927 Cr on Friday, mid-size company HFCL Ltd has reported a remarkable closing session. A market leader in technology, HFCL provides businesses and governments with communication network solutions. The company has secured an order from Reliance Retail for the supply of optical fiber cables and purchase orders aggregating to ~INR 123.84 Crores from Reliance Projects & Property Management Services Limited for the supply of optical fiber cables.
On Friday, the shares of HFCL Ltd closed on the BSE at ₹ 64.76 apiece level, up by 2.94% from the previous close of ₹ 62.91. The stock price rose from ₹ 28.15 to the current market price during the past five years, resulting in a multibagger return of 142.55%. The stock price climbed from ₹ 10.84 to the current market price during the past three years, resulting in a multibagger return of 491.42%. In the last 1 year the stock has fallen 4.34% and on a YTD basis, it has fallen 14.34% so far in 2023. The stock touched a 52-week-high of ₹ 88.80 on (09/12/2022) and a 52-week-low of ₹ 51.55 on (20/06/2022).
The Board of Directors of the company is scheduled to meet on Tuesday, the 9th day of May, 2023, to consider and approve, inter‐alia, the financial results for the 4th quarter and financial year ended March 31, 2023, both on a standalone and consolidated basis.
HFCL is a leading provider of fiber optic cables and communication solutions. The company has a strong track record of delivering quality products and services to its customers. HFCL has a wide range of products and services, including copper and fiber optic cables, wireless systems, and network solutions. It also provides turnkey solutions for telecom and IT infrastructure projects.
The company is well-positioned to benefit from the growth in demand for communication networks and solutions. With the increasing need for high-speed internet, HFCL is well-positioned to benefit from the increasing demand for fiber optic cables. The company has a strong presence in the Indian market and has a well-established customer base.
HFCL is a reliable partner for businesses and governments, providing them with communication network solutions. The company has a strong track record of delivering quality products and services to its customers. HFCL’s products and services are designed to meet the needs of its customers and provide them with the best possible solutions.
HFCL is a leading provider of communication solutions and is well-positioned to benefit from the growth in demand for communication networks and solutions. With its strong presence in the Indian market and a well-established customer base, HFCL is set to benefit from the increasing demand for fiber optic cables. The company is well-positioned to benefit from the growth in demand for communication networks and solutions in the coming years.
