Multibagger stock under Rs 100: This telecom infrastructure company receives order worth Rs 80.92 crore from Delhi Metro Rail Corporation Limited!
From Rs 12.93 per share to Rs 70.27 per share, the shares of the company gave multibagger returns of 443.47 per cent in just 3 years.
HFCL Ltd informed that the Company has bagged an order worth Rs 80.92 crore from Delhi Metro Rail Corporation (DMRC) Limited for the design, manufacture, supply, installation, testing and commissioning of Fibre Optics Transmission System (FOTS) for three priority corridors of Phase-IV of Delhi Metro Rail Project. The order is to be executed within one hundred and fifty-six weeks from the date of NTP (Notice to proceed). Thereafter, the company has to provide warranty support for one hundred and four weeks.
On Tuesday, shares of HFCL Ltd zoomed 2.73 per cent to an intraday high of Rs 72.27 per share from its previous closing of Rs 70.35. At, 03:30, shares of the company ended the trading session in the red, down 0.48 per cent to Rs 70.01 per share.
HFCL Ltd (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).
DSIJ offers a service 'Mid Bridge' with recommendations for Mid-Cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
HFCL Ltd is a Mid-Cap company and falls under S&P BSE 500 Index with a market cap of over Rs 9,500 crore. The firm reported positive numbers in its Quarterly Results and annual results.
From Rs 12.93 per share to Rs 70.27 per share, the shares of the company gave multibagger returns of 443.47 per cent in just 3 years. Investors should keep an eye on this mid-cap telecom stock.