Rs 7,678 crore order book: This multibagger telecom infrastructure company bags new orders worth Rs 64.93 crore

The stock is up by 56 per cent from its 52-week low of Rs 60.40 per share and gave multibagger returns of 290 per cent in 3 years.

HFCL Limited, along with its subsidiary HTL Limited, secured purchase orders worth approximately Rs 64.93 crore to supply optical fiber cables to a leading private Indian telecom operator. This information was disclosed in accordance with SEBI regulations. The order involves supplying various types of optical fibre cables as per the customer's specifications and needs to be fulfilled by July 2024.

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). The company has a market cap of over Rs 16,0000 crore and reported positive numbers in its Quarterly Results (Q3FY24) and nine-month results (9MFY24).

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Order book update: As of December 31, 2023, the company’s order book stood at Rs 7,678 crore. Out of the total order book, Government orders are worth Rs 5,733 and private company orders are worth Rs 1,945 crore.

Today, shares of HFCL Ltd plunged 4.49 per cent to Rs 94.58 per share from its previous closing of Rs 99.03 with an intraday high of Rs 97 and an intraday low of Rs 92.54. The stock’s 52-week high of Rs 117.75 per share and its 52-week low is Rs 60.40 per share. The stock is up by 56 per cent from its 52-week low of Rs 60.40 per share and gave multibagger returns of 290 per cent in 3 years. Investors should keep an eye on this Mid-Cap stock.

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