Stock below Rs 100: This Midcap stock is in a sweet spot after its collaboration with Microsoft to roll out private 5G solutions!
Let's delve into the catalyst behind this exciting development.
Amidst an overall fragile market, the HFCL stock is making a buzz with a staggering surge of almost 3 per cent, accompanied by an impressive volume of over 77 lakh shares traded so far. What could be the driving force behind this sudden surge in HFCL's stock price?
Let's delve into the catalyst behind this exciting development.
With the rapid rollout of 5G in India, enterprises are looking at 5G technology to further their digital transformation, including the promise of Industry 4.0. GSA reports that 41 per cent of private networks being deployed by enterprises are private 5G networks that enable deployment of high-performing infrastructure like robotics, drones, sensor-based and AI-based automation, etc. to boost their connectivity, productivity and operational flexibility.
HFCL has collaborated with Microsoft to create converged private 5G solutions that harness new-age technologies of IoT, Cloud, Edge Computing, AI and Analytics to transform industry verticals that include manufacturing, retail & warehouse, mining, education, defence, railways, smart city, etc.
HFCL is deploying one such Private 5G enabled Industry 4.0 solution as a pilot program using Microsoft Azure public MEC and HFCL 5G Indoor Small Cell, at its Optical Fiber manufacturing plant in Hyderabad. Along the fiber production line, HFCL’s 5G small cells enable real-time fiber defect detection using video analytics and image processing.
Microsoft Azure public MEC which integrates Azure compute and edge-optimized Azure services with the mobile operator’s public 5G network connectivity, analyses this video data in real-time to identify any defects and generates insights for root cause analysis and preventive care. Through this AI-enabled, cloud-connected, low-latency private 5G solution, HFCL is improving the operational efficiency and manufacturing agility of its fiber manufacturing plant.
"We are very pleased with our collaboration with Microsoft in implementing Industry 4.0 solution in our own factory as a pilot program, using Microsoft Azure public MEC. The best practices and the lessons learnt will act as a playbook to deploy Private 5G solutions for manufacturing and other industry verticals embarking on a similar digital transformation journey,” said Mahendra Nahata, Managing Director at HFCL.