Shares of HFCL Limited rose on April 7 after the company announced that its material subsidiary, HTL Limited, has secured orders worth approximately ₹1,366 crore from a domestic Tier-1 customer for the supply of optical fiber cables.
The stock opened at ₹8.90 against its previous close of ₹8.46, touching a session high of ₹9.27 and a low of ₹8.68. The 52-week range stands between ₹7.47 and ₹19.65.
According to the company's exchange filing, the orders are for the supply of optical fiber cables as per customer specifications and are to be executed by December 2026. The contracts are domestic in nature and do not involve any related party transactions. The promoter or promoter group holds no interest in the entity awarding the order. The orders have been received in the normal course of business. The name of the client has not been disclosed, with the filing referring to the customer as a Tier-1 entity.
HFCL Limited is a technology enterprise engaged in the manufacture of optical fiber cables, telecom equipment, and the execution of network infrastructure projects. The company serves government and private sector clients across defence, railways, and telecommunications.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.