HFCL is trading at RS. 103.95, marking an increase of 1.55 points or 1.51% from its previous close of RS. 102.40 on the BSE.

The stock opened at RS. 105.45 and reached an intraday high of RS. 106.80 and a low of RS. 103.15. So far, 837,571 shares have been traded on the counter.

This BSE 'A' group stock, with a face value of RS. 1, hit its 52-week high of RS. 171.00 on 23-Sep-2024 and its 52-week low of RS. 81.22 on 18-Jan-2024. Over the past week, the stock's high and low stood at RS. 106.80 and RS. 92.30, respectively. The company’s market capitalization is currently RS. 14,938.88 crore.

The shareholding pattern shows 35.89% held by promoters, while institutions and non-institutions hold 16.02% and 48.08%, respectively.

HFCL Wins Major BharatNet Phase III Order
HFCL recently secured an advance work order worth approximately RS. 2,501.30 crore from Bharat Sanchar Nigam Limited (BSNL). The project involves designing, supplying, constructing, installing, upgrading, operating, and maintaining the middle-mile network of BharatNet Phase III in the Punjab Telecom Circle.

BharatNet Phase III aims to connect all 640,000 villages in India with high-speed internet, targeting over 250,000 gram panchayats with a minimum bandwidth of 100 Mbps. HFCL is committed to this milestone project, which aligns with the Government of India’s ‘Digital India’ initiative, striving to reduce the digital divide, particularly in rural and underserved areas.

About HFCL
HFCL is a prominent telecom infrastructure developer, system integrator, and manufacturer of advanced telecom equipment and optical fiber cables. It operates manufacturing facilities in Solan and Goa, with subsidiary HTL’s plants located in Chennai and Hosur.