Prospects just improved for HFCL; stock up by 2 per cent
HFCL is up by over 50 per cent in one month.
HFCL is up by over 50 per cent in one month. HFCL is an active player in high technology telecom infrastructure and has announced that it will participate in the Rs 12915 PLI scheme for telecom sector.
Under the PLI scheme investor can expect to get incentive for incremental sales up to 20 times the committed investment. This initiative may help Indian manufacturers such as HFCL achieve global scales and utilise their unused capacity leading to ramping up of production.
HFCL is a homegrown optic-fibre-to-night vision devices maker that intends to continue to focus on next-generation (5G) portfolio. The company is believed to have a current order book of Rs 6,875 crore. The financial of the company is also improving with increase in total income and net profits.
Just one year before, the stock was trading at ~ Rs 11 per share.