Multibagger stock below Rs 100: This mid-cap company receives multiple orders worth Rs 221.95 crore from Reliance Group!

From Rs 10.85 to Rs 65.50, the shares of the company gave multibagger returns of over 500 per cent in just 3 years.

HFCL Ltd informed that the company, along with its material subsidiary, HTL Limited, has received the purchase orders aggregating to Rs 221.95 crore, consisting of purchase orders of Rs 179.24 crore from Reliance Projects & Property Management Services Limited for the supply of Optical Fiber Cables (OFC) and of Rs.42.71 Crores from Reliance Jio Infocomm Limited for the supply of indigenously designed, developed and manufactured 700 MBPs and 1GPBS point-to-point unlicensed band radios (UBRs).

On Monday, shares of HFCL Ltd zoomed 0.45 per cent to an intraday high of Rs 65.50 per share from its previous closing of Rs 65.21. At, 12:30, shares of the company were trading in red, down 0.60 per cent to Rs 64.82 per share.   

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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).  

HFCL Ltd is a Mid-Cap company and falls under S&P BSE 500 Index with a market cap of Rs 8,931 crore. The firm reported positive numbers in its Quarterly Results and annual results.

From Rs 10.85 to Rs 65.50, the shares of the company gave multibagger returns of over 500 per cent in just 3 years. Investors should keep an eye on this mid-cap telecom stock.