Shares of this telecom infrastructure company are soaring on July 12!
5paisa Research Team
Last Updated: 12th July 2022 - 11:43 am
On Tuesday, as the market opened with a bearish sentiment amid weak global cues shares of HFCL Ltd are gaining more than 6%.
HFCL is a leading manufacturer of optical fibre cables, optical transport, power electronics, and broadband equipment for the telecommunication industry. As a telecommunication solutions provider, the company has implemented several Greenfield projects, including the setting up of CDMA & GSM networks, satellite communications, wireless spectrum management, and a DWDM optical transmission network. The company has state-of-the-art modern production facilities in Himachal Pradesh, Goa, and Tamil Nadu and tailors to both Indian as well as global markets.
In a press release, the company informed all the stakeholders that the Company has received the Purchase Orders ("PO") aggregating to Rs 59.22 crore, from one of the leading Private Telecom Operators of the Country for providing Services to rollout their Fiber to the Home (FTTH) Network and Long Distance Fiber Network in various Telecom Circle. The period by which the order is to be executed is July 2023.
The company has a market cap of Rs 9320.54 crore.
On the valuations front, the company has a P/E of 30.38x and a P/B of 3.15x. The company has ROE and ROCE of 10.36% and 19.2%, respectively.
The BSE group 'A' stock of face value of Rs 1 has touched a 52-week high of Rs 101.35 on 17 January 2022 and a 52-week low of Rs 51.55 on 20June 2022.
At 11:30 am the S&P BSE 500 of which the company is a part of is at 22060.01, down by 63.35 points or 0.29%.
Beating the current market sentiments, at 11:30 am, the shares of HFCL are currently trading at Rs 66.75, up by 4.35 points or a surge of 6.97% from its previous closing price of Rs 62.40 on the BSE.
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