Big Government Deals Make This Stock a Strong Contender for Growth

The stock gave returns of 77 per cent in 1 year and more than 600 per cent in 5 years. Quant Mutual Fund hold 6.91 per cent stake in this company. 

The company delivers innovative digital network solutions, including premium quality optical fiber, telecom products like 5G RAN and transport, Wi-Fi systems, radios, switches, routers and software-defined radios. 

The order is to be executed by October 2023.  

HFCL’s 5G Outdoor Small Cell is an All-in-one Small Cell and supports both 5G Non Standalone (NSA) and Standalone (SA) mode. It supports flexible deployment options and can be deployed on street poles, walls of building and on rooftops to cover traffic hotspots

BSE Sensex managed to close higher by 0.80 per cent while BSE Smallcap and BSE Midcap indices underperformed the key benchmark index. 

Its shares traded at Rs 75.10 at the time of market closing on August 8. 

Qualcomm Technologies is a recognised world leader in 5G technology and we are very pleased with this collaboration with Qualcomm Technologies, which also aligns with our commitment to bridge the digital divide globally.

The relief package of Rs 1.64 lakh crore for BSNL announced by the Minister of Communications will revive BSNL to become a strong business enterprise. A strong BSNL is vital for the country for its strategic reasons and crucial for the growth of the entire telecom sector of India.

Gross Margin has slightly improved as compared to last quarter due to easing input cost pressure and pass through to the customers. However, revenue and consequently profitability during the quarter got impacted due to spill over of service billing followed by non-availability of required infrastructure from the customer end and also continued shortage of semiconductors.  

The benchmark indices ended Tuesday's trading session in red for the second consecutive day with Sensex slipping more than 500 points and Nifty closing below 16,100. About 1,436 shares have advanced, 1,784 shares declined, and 157 shares are unchanged. 

The stock of HFCL has zoomed over 3 per cent on Friday.

On Tuesday, during early market hours Dalal Street witnessed a bloodbath on account of aggravating geo-political tensions between Russia & Ukraine.

On Tuesday, equity benchmark indices broke the three-day losing streak and ended in green in the highly volatile session before the RBI policy outcome scheduled later in the current week.

HFCL has announced the signing of a distribution agreement with Ingram Micro India Private Limited (Ingram Micro), which has a distribution network having a far-reaching presence in India and SAARC countries.

The bulls seem to be dominating the market on the budget day with the advance decline ratio clearly in the favour of the advances and 149 stocks making a fresh 52 week high.  

The stock has surged over 6 per cent today and recorded a huge volume in the process. It has performed phenomenally last year as it delivered over 175 per cent returns to its shareholders.

Taking into account the company’s aggressive plans for the future, this news has cheered the shareholders and people are looking forward to investing in the AI technology space.  

Interestingly, the stock, after a strong move on Monday, is seen sustaining above its important short-term moving average i.e., 20 and 50-DMA.