Telecom Stock Under Rs 90 Bags Rs 1127 Cr Order From BSNL, Gains 30% In 30-Days

Small cap company operating in telecommunications sector HFCL Ltd on January 1 informed via its regulatory filing about receiving an order worth Rs 1127.27 crores from Bharat Sanchar Nigam Limited (BSNL). Last trading price of HFCL Ltd shares on BSE is Rs 86.86 apiece with intraday gain of 3.21%. HFCL shares hit 52-week high in trade today. HFCL shares soared 30.33% in last 30-days and soared 236% in last 3-years. Check details below:

HFCL Bags Order From BSNL: According to the BSE filing of the company issued on January 1, 2024, "We are pleased to inform all the stakeholders that the Company has received an Advance Purchase Order ("APO") aggregating to ~INR 1127.27 Crores, from Bharat Sanchar Nigam Limited (BSNL). This order pertains to the implementation of BSNL's optical transport network for carrying traffic of BSNL on PAN India basis."

The OTN Project has to be executed within eighteen months from the date of the Purchase Order. Following the successful commissioning of the OTN Project, a warranty of one year will commence. Thereafter, the Company has to provide O&M services for three years along with comprehensive AMC of eight years which will run concurrently, added the press release issued today.

Besides meeting demand of enhanced high capacity data for its Enterprise and FTTH/Broadband services, this network upgrade will also deliver the required bandwidth for launch of 4G service by BSNL and will also make the national carrier future-ready in rolling-out 5G services in coming years, stated the press release.

HFCL Stock Performance & Return: Current market price of HFCL Ltd share on BSE is Rs 86.86 apiece. Its 52-week high price is Rs 88.59 per share and 52-week low price is Rs 55.75 per share, respectively. HFCL has a market capitalisation of Rs 12,410.32 crore. HFCL shares soared 34% in last 6-months, gained 18% in last 1-year, and offered return of 307% in last 5-years. In last 10-years, HFCL stock surged 849%.

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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