Infrastructure News

This telecom infrastructure company bags an order worth Rs 82.97 crore from overseas customer!

The stock has jumped more than 12 per cent in the last 6 months.

On January 24, 2023, HFCL Limited informed in the exchange filing that it won an Export Contract worth Rs 82.97 crore. The order was secured from one of the renowned telecom operators. The order involves the supply of optical fibre cables and accessories. The time period by which the order has to be executed is FY2025.

HFCL is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, manufacture and supply of high-end telecom equipment, Optic Fiber and Optic Fiber Cable (OFC). Its technologically advanced offerings span the entire value chain, from manufacturing hi-tech communication network products to providing specialized services, which get deployed across Telecom, Defence, Railways, Utilities and Security & Surveillance Networks, both in the Private and Government Sectors.

Today, the stock opened at Rs 71.10 and made a high and low of Rs 71.85 and 70.80. The stock previously closed at Rs 71.05. It is currently trading at Rs 70.65 down by 0.56 per cent.

In the last 6 months, the shares of the company have given more than 12 per cent returns and on a YTD basis about a 5 per cent decline is seen in the stock. The scrip is a part of group A with a market capitalisation of Rs 9,754.53 crore. The stock has a 52-week high of Rs 88.80 and a 52-week low of 51.55. The company has a ROCE of 19.2 per cent and an ROE of 13.5 per cent.

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