Homemarket Newsstocks News

HFCL shares jump after company wins fifth order in two months

HFCL shares jump after company wins fifth order in two months

HFCL shares jump after company wins fifth order in two months
Read Time
2 Min(s) Read
Profile image

By CNBCTV18.com Oct 31, 2022 1:56:27 PM IST (Published)

This is the company's fifth order starting October 29.

wealth-desk wealth-desk

Buy / Sell HFCL share

Recommended Articles

View All

Shares of HFCL Ltd. jumped nearly 5 percent in intraday trade on Monday after the company received purchase orders aggregating to approximately Rs 115 crore.
HFCL received orders from Reliance Projects and Property Management Services Ltd. (formerly Reliance Digital Platform and Project Services Ltd.) for the supply of optical fibre cables to one of the leading private telecom operators in the country.
This is HFCL's fifth order win over the last two months, starting August 29.
The management mentioned during its September quarter results earlier this month that courtesy order wins from RailTel, Reliance Projects, and others, the company had an order book of Rs 5,200 crore.
HFCL’s revenue during the quarter stood at Rs 1,173 crore as compared to Rs 1,051 crore in the previous quarter and Rs 1,122 crore in the year-ago quarter.
Some of HFCL's earlier orders include:
  • October 12: From Reliance Projects & Property Management Services worth Rs 39.19 crore.
  • September 27: From Reliance Retail & Reliance Projects worth Rs 167.60 crore and from one of the overseas customers worth Rs 35 crore
  • September 14: Advance Purchase Order worth Rs 341.26 crore from BSNL and from RailTel Corporation worth Rs 106.55 crore
  • August 29: From a leading private telecom operator worth Rs 97 crore.
  • Shares of HFCL are trading 5.1 percent higher at Rs 80.95 as of 1:20 PM.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!