Rs 7,678 crore order book: This multibagger telecom infrastructure company bags new order worth Rs 141 crore from Bharat Sanchar Nigam Ltd
The stock gave multibagger returns of 294 per cent in 3 years and a whopping 1,150 per cent in 1 decade.
HFCL Ltd informed that the company has successfully secured a purchase order aggregating to Rs 141 crore (Capex Rs 119 crore + AMC Rs 22 crore) for the supply of indigenously designed and manufactured Unlicensed Band Radios (UBRs) and other associated services to Bharat Sanchar Nigam Limited (BSNL).
This order is part of the advance purchase order worth Rs 179 crore issued by BSNL to the company. The balance order of Rs 38 crore is expected to be released on completion of supply against the current purchase order. Under this win, the company will offer products and services to BSNL crucial for supporting their 4G network. This network upgrade is poised to provide the latest technology yet cost-effective backhauling solutions for BSNL’s 4G network and lay the foundation for 5G capabilities.
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 Rs 14,500 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 gained 0.34 per cent to Rs 101.75 per share from its previous closing of Rs 101.60 with an intraday high of Rs 103 and an intraday low of Rs 100.55.
The stock gave multibagger returns of 294 per cent in 3 years and a whopping 1,150 per cent in 1 decade. Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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