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HFCL gains as its arm receives order worth Rs 198.82 crore from Bharat Electronics

HFCL is currently trading at Rs. 21.60, up by 0.15 points or 0.70% from its previous closing of Rs. 21.45 on the BSE.

The scrip opened at Rs. 21.65 and has touched a high and low of Rs. 22.30 and Rs. 21.45 respectively. So far 708630 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 30.65 on 12-Jul-2018 and a 52 week low of Rs. 17.20 on 10-Dec-2018.

Last one week high and low of the scrip stood at Rs. 22.30 and Rs. 18.40 respectively. The current market cap of the company is Rs. 2825.63 crore.

The promoters holding in the company stood at 38.43%, while Institutions and Non-Institutions held 5.83% and 55.74% respectively.

Himachal Futuristic Communications’ (HFCL) subsidiary -- HTL has received a Purchase Order (PO) worth around Rs 198.82 crore, from Bharat Electronics, a Government of India Enterprise, for supply of various types of Optical Fibre Cables. The order is to be executed by July 2020.

HFCL is one of India’s largest telecom network turnkey implementation companies, with wide and deep capabilities and domain expertise in rolling out advanced telecom networks.  

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