FIIs & DIIs bought 9,56,00,517 shares of this multibagger penny stock: The telecom infrastructure company bags new order worth Rs 1,127.27 crore from BSNL!
Shares of the company grew by more than 20 per cent in the last one year.
HFCL Limited is straddling two crucial frontiers of Indian progress: digital infrastructure and defence capabilities. The company has landed a massive deal to revamp BSNL's optical network, becoming the backbone of India's digital future. Meanwhile, their subsidiary Raddef is making waves in defence tech with cutting-edge surveillance radars for border security, weather forecasting, and even drone detection. HFCL's relentless innovation, venturing into weather radars and threat emulators, positions them as a leader in the $12 billion global surveillance radar market.
While Q2FY24 saw a slight dip in revenue and profit, their dual-pronged strategy fortifying both digital highways and defence frontiers promises substantial growth for years to come. HFCL's dedication to driving India's progress on both virtual and physical battlefields makes it a company to watch.
HFCL Limited (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high-end telecom equipment, Optical Fiber and Optic Fiber Cable (OFC). FIIs and DIIs increased their stake in the company to 8.35 and 4.64 per cent in September 2023 respectively.
Today, the stock opened at Rs 85.14, with a high and low of Rs 86.25 and Rs 82.57, respectively. The stock is closed trading at Rs 85.02, which increased by 0.47 per cent. The stock has a 52-week high of Rs 88.59 and a 52-week low of Rs 55.75.
The shares of the company have also delivered multibagger returns of over 250 per cent in the last five years.
The stock has shown tremendous growth and investors should keep a close eye on this penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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