Himachal Futuristic Communications (HFCL) is currently trading at its upper circuit limit of Rs. 25.70, up by 1.20 points or 4.90% from its previous closing of Rs. 24.50 on the BSE.
The scrip opened at Rs. 24.10 and has touched a high and low of Rs. 25.70 and Rs. 24.00 respectively. So far 1411224 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 35.95 on 18-Sep-2017 and a 52 week low of Rs. 11.09 on 22-Nov-2016.
Last one week high and low of the scrip stood at Rs. 26.75 and Rs. 24.00 respectively. The current market cap of the company is Rs. 3185.20 crore.
The promoters holding in the company stood at 38.30%, while institutions and non-institutions held 10.87% and 50.83% respectively.
Himachal Futuristic Communication has received an advance purchase order approximately worth Rs 558 crore from Bharat Sanchar Nigam (BSNL), New Delhi for Planning, Designing, Procurement, Installation, Integration, Commissioning, Testing, Training, Documentation and Maintenance of Hybrid Microwave broadband radio links including repeaters, EMS/NMS and antenna towers and accessories on turnkey basis for pan India Defence Network. The said order is to be executed within 18 months.
HFCL is one of India’s largest telecom network turnkey implementation companies, with wide and deep capabilities and domain expertise in rolling out advanced telecom networks.
