Rs 7,678 crore order book: This multibagger telecom infrastructure company bags new orders worth Rs 40,36,00,000 – scrip hit 52-week high!
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 55.75 per share and a whopping 1,300 per cent in a decade.
HFCL Ltd informed that the company has received purchase orders aggregating to Rs 40,36,00,000 for the supply of optical fiber cables to one of the leading private telecom operators of the country. The order will be delivered by June 2024.
Earlier, HFCL Ltd secured a Rs 141 crore order from BSNL to supply domestically made Unlicensed Band Radios (UBRs) and related services for their 4G network. This comes as part of a larger Rs 179 crore purchase order, with the remaining Rs 38 crore expected upon completion of the current order. This collaboration will provide BSNL with cost-effective solutions for upgrading their 4G network while paving the way for future 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 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 1.66 per cent to Rs 112.90 per share from its previous closing of Rs 114.80 with an intraday high of Rs 117.75 and an intraday low of Rs 111.95. The stock also made a fresh 52-week high of Rs 117.75 per share. In the recent trading sessions, the stock has been hitting back-to-back 52-week highs.
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 55.75 per share and a whopping 1,300 per cent in a decade. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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