Rs 10,410 Crore Order Book: Telecom Infra Stock Under Rs 85 Jumps After Receiving Order of Rs 157 Crore From Tera Software Ltd
The stock is up by 15 per cent from its 52-week low of Rs 71.50 per share and gave multibagger returns of over 700 per cent in 5 years.
Today, shares of HFCL Ltd jumped 10.54 per cent to Rs 81.93 per share with an intraday high of Rs 82.58 and an intraday low of Rs 76.87 from its previous closing of Rs 74.12 per share. The stock’s 52-week high is Rs 171 per share and its 52-week low is Rs 71.50 per share. The shares of the company saw a spurt in volume by more than 2.80 times on BSE/
HFCL Limited has been awarded a Purchase Order worth approximately Rs 157 crore by Tera Software Limited, a consortium partner of ITI Limited, for the supply of various types of optical fibre cables for the BharatNet Phase III Project within the West Bengal Telecom Circle. This domestic order entails the provision of these cables over a period of three years, as part of the broader BharatNet initiative aimed at enhancing connectivity across the country. The ~₹157 Crore consideration excludes applicable taxes and represents a significant development for HFCL in its contribution to this crucial infrastructure project.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
About the Company
HFCL is a leading technology provider specialising in building digital networks for telecom operators, businesses, and governments. With a strong foundation in fibre optics and decades of experience, HFCL offers sustainable, high-tech solutions, including 5G RAN and transport, Wi-Fi systems, and defence electronics. Its robust R&D centres in India and abroad continuously innovate cutting-edge products. Manufacturing facilities across India produce high-quality optical fibre, cables and telecom equipment, aligning with government initiatives like the PLI scheme. HFCL is a trusted partner for customers worldwide, committed to quality, sustainability, and meeting evolving network demands.
Order Book Update: As of December 2024, the company’s order book stands at Rs 10,410 crore. Out of the total order book, Government orders are worth Rs 8,527 crore and private company orders are worth Rs 1,883 crore.
The company has a market cap of over Rs 11,000 crore. The stock is up by 15 per cent from its 52-week low of Rs 71.50 per share and gave multibagger returns of over 700 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.