Reliance-Backed Multibagger Telecom Infra Company Delivers One of the World's Largest Advanced Broadband Network Gateway Projects for BSNL!
The company’s shares have delivered a multibagger return of over 100 per cent to its shareholders in just 1 year.
HFCL Ltd a leading technology enterprise and integrated next-generation communications product and solution provider, has completed BSNL's Network Infrastructure Enhancement Project. As part of this project, HFCL has deployed the latest version of the Broadband Network Gateway (BNG) with Control and User Plane Separation (CUPS) architecture and an associated subscriber Policy Manager and Authentication platform. This project, which involved a nationwide deployment across India, was valued at approximately Rs 390 crore, including Operations and Maintenance (O&M).
At the start of the day's trading session, shares of HFCL Ltd opened at Rs 147 per share, compared to the previous day's closing figure of Rs 146.60 per share on the BSE. Currently, the shares are at around Rs 147.75 per share. The company's current market capitalization stands at Rs 21315.49 crore. Additionally, the shares have delivered a multibagger return of over 105 per cent in just 1 year.
Get Penny Stock Recommendations (under Rs 100) with DSIJ's Penny Pick service at a flat 35% off with coupon code FLASHH—limited-time Flash Offer! Click here to subscribe.
As per the Quarterly Results, in the Q1 FY25, HFCL Ltd recorded a revenue of Rs 1158 crore compared to Rs 995 crore. The operating profit stood at Rs 175 crore. The net profit stood at Rs 111 crore compared to a profit of Rs 76 crore. Looking at the annual performance, the company generated a revenue of Rs 4465 crore in FY24. The operating profit for FY24 was Rs 582 crore with a net profit of Rs 338 crore compared to a net profit of Rs 318 crore in FY23.
Reliance Strategic Business Ventures Limited owns 3.37 per cent and Reliance Ventures Limited holds 1.57 per cent in the company.
Check out my recent article here.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.