Telecom Stock Under Rs 120 Bags Order From BSNL, Shares Gain 44% In 3-Months

Small cap telecommunications sector company HFCL Ltd shares witnessed marginal surge of 0.05% on BSE today after it received order worth Rs 141 crore from Bharat Sanchar Nigam Limited (BSNL). Last trading price of HFCL Ltd shares on BSE is Rs 94.30 apiece. HFCL shares jumped 44% in last 3-months and rallied 238% in last 3-years. However, in last 1-week, HFCL slipped nearly 9%. Check details below:

HFCL Ltd Bags Order From BSNL: As per the BSE filing of the company dated February 13, 2024, "We are pleased to inform all the stakeholders that the Company has successfully secured a Purchase Order aggregating to ~INR 141 crores (Capex ~INR 119 Crores + AMC ~INR 22 Crores) for 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 ~INR 179 Crores issued by BSNL to the Company. The balance order of ~INR 38 Crores is expected to be released on completion of supply against the current Purchase Order."

Under this Win, the Company will offer product and services to BSNL crucial for supporting their 4G network. This network upgrade is poised to provide latest technology yet cost effective backhauling solutions of BSNL's 4G network and lay the foundation for 5G capabilities, added the regulatory filing of HFCL Ltd.

The scope of work under this Purchase Order encompasses initial planning, on-site surveys, the supply of telecom equipment, installation, testing, operations and annual maintenance among other services, said the BSE filing of the company.

HFCL Ltd Shares Performance & Return: The 52-week high price of HFCL shares on BSE is Rs 112.45 apiece and 52-week low price is Rs 55.75 apiece, respectively. The company has a market capitalisation of Rs 13,473.33 crore. HFCL shares offered return of 38% in last 6-months, gained 37.97% in last 1-year again, and offered gain of 339% in last 5-years.

HFCL Financials: The company for the quarter ended December 2023 declared its net profit at Rs 82.24 crore, down 14.45% as against Rs 96.13 crore in the corresponding quarter of last year. The sales witnessed a fall of 4.93% to Rs 1032.31 crore for the quarter ended December 2023 as compared to Rs 1085.84 crore declared in the similar quarter of last year.

About: HFCL is a leading technology company specialising in creating digital networks for telcos, enterprises and governments. Over the years, HFCL has emerged as a trusted partner offering sustainable high-tech solutions with a commitment to providing the latest technology products to its customers, according to its LinkedIn page.

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