HFCL shares jump 3% as company bags optical fiber cable orders worth Rs 76.21 crore
Shares of HFCL Ltd surged nearly 3% after the company announced fresh purchase orders totaling approximately ₹76.21 crore. The orders include a significant export deal valued at USD 6.91 million (around ₹59.19 crore) and a domestic order worth ₹17.02 crore.
The international order has been placed by an overseas telecom company and involves the supply of various types of optical fiber cables. HFCL confirmed that this export order is scheduled for execution by September 2025.
Meanwhile, the domestic order comes from ITI Limited, a government-owned enterprise in India. This order also pertains to the supply of optical fiber cables and is set to be completed by June 2025.
HFCL shares opened at ₹89.14, reaching a high of ₹92.65 and a low of ₹88.87 in the latest trading session. Despite current levels, the stock remains significantly below its 52-week high of ₹171.00. However, it stays comfortably above the 52-week low of ₹71.60. As of 10:42 AM, the shares were trading 3.18% higher at Rs 91.24.
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.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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