Quant Mutual Fund Portfolio Holding Stock: This telecom company launched two revolutionary Unlicensed Band Radio (UBR) products

The stock gave returns of 77 per cent in 1 year and more than 600 per cent in 5 years. Quant Mutual Fund hold 6.91 per cent stake in this company.

HFCL Limited (HFCL), a leading technology enterprise and next-gen communications solution provider today announced the launch of two revolutionary Unlicensed Band Radio (UBR) products at the India Mobile Congress 2024, Pragati Maidan, New Delhi.

HFCL has launched advanced 4G and 5G backhaul solutions that significantly reduce the total cost of ownership (TCO) to just one-tenth compared to traditional microwave or E-band backhaul options. These solutions are particularly beneficial for connecting rural areas as they consume less than one-third of the energy that traditional microwave or E-band systems typically require. This efficiency not only reduces operational costs but also supports sustainable energy consumption in underserved areas.

Since launching its first generation Unlicensed Band Radio (UBR) products in 2020, HFCL has shipped more than 500,000 units worldwide, reaching markets in India, the UK, Europe, the Middle East and Africa. The 2Gbps UBR technology enables high-bandwidth connectivity across multiple remote villages from a single fiber Point of Presence (PoP), making it ideal for point-to-multIPOint deployments. These solutions are specifically designed for widespread use in rural areas, providing efficient and scalable network coverage. They are in line with the Prime Minister's initiative to transform rural areas by promoting digital inclusion and stimulating economic growth.

On the launch of the two UBRs, Mr. Mahendra Nahata, Managing Director, HFCL, said, “We are proud to be the first company to launch these cutting-edge indigenously-made UBR solutions that provide high-quality, reliable, and innovative telecom solutions for 5G network expansion. Over half a million successful deployment serving global customers is a testimony to the rising demand for the Unlicensed Band Radios to meet the connectivity requirements. These groundbreaking solutions demonstrate our commitment to address unique challenges faced by our telco customers and drive the future of global telecom infrastructure.”

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).

According to Quarterly Results, the net sales increased by 16.38 per cent to Rs 1,158 crore and net profit increased by 46.05 per cent to Rs 111 crore in Q1FY25 compared to Q1FY24.

The company has a market cap of over Rs 19,000 crore with a 5-year stock price CAGR of 48 per cent. The stock gave returns of 77 per cent in 1 year and more than 600 per cent in 5 years. Quant Mutual Fund hold 6.91 per cent stake in this company.

Investors should keep an eye on this Mid-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.