In the early trade on January 20, HFCL’s share price reached a 52-week high of Rs 94.99, propelled by the announcement of a significant order. The company confirmed securing a purchase order amounting to Rs 623 crores for the supply of domestically manufactured 5G networking equipment. HFCL highlighted the historic nature of the order, stating that it is the first such substantial contract for 5G networking equipment awarded to any Indian company by a telecom service provider.
As of 9:19 am, HFCL was trading at Rs 94.97 on the BSE, reflecting a gain of Rs 6.66, or 7.54 percent. The market response underscores the positive impact of the sizable order on HFCL’s stock performance.
