SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

HFCL surges after its arm acquires 100% stake in Blue Diwali

21 May 2024 Evaluate

HFCL is currently trading at Rs. 101.35, up by 0.40 points or 0.40% from its previous closing of Rs. 100.95 on the BSE.

The scrip opened at Rs. 101.10 and has touched a high and low of Rs. 103.00 and Rs. 100.40 respectively. So far 1007937 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 117.75 on 27-Feb-2024 and a 52 week low of Rs. 61.52 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 103.00 and Rs. 90.25 respectively. The current market cap of the company is Rs. 14614.28 crore.

The promoters holding in the company stood at 37.68%, while Institutions and Non-Institutions held 13.33% and 48.99% respectively.

HFCL’s wholly owned subsidiary -- HFCL B.V. has acquired 100% stake in Blue Diwali Sp. z.o.o., a company registered in state of Warsaw, Poland, in order to boost export market share for Optical Fiber Cable (OFC) business and to strategically position itself within the EU region to capitalise business opportunities. Consequently, Blue Diwali Sp. z.o.o., has become a wholly owned subsidiary of HFCL B.V. and also a step-down wholly owned subsidiary of the Company. The Acquisition has been completed on May 17, 2024.

Blue Diwali Sp. z.o.o. was incorporated inter-alia to carry on the business of manufacturing and trading of Optical Fiber, Optical Fiber Cables, Telecom and Networking Products and other allied activities. The acquisition will facilitate the Company's expansion endeavors in the EU region, augmenting its business presence and fostering growth opportunities.

HFCL is a leading telecom infrastructure developer, system integrator and manufacturer of high-end telecom equipment and optical fibre cables, having its own manufacturing facilities at Solan and Goa, and its subsidiary i.e. HTL facilities in Chennai and Hosur.


HFCL Share Price

85.95 1.55 (1.84%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Vindhya Telelinks 1215.35
HFCL 85.95
Pace Digitek 157.85
Bondada Engineering 316.45
GTL Infrastructure 1.19
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×