Stock Market update: HFCL share surges by 13% as the telecom company announces partnership with Aprecomm

HFCL has already tested AI-based analytics in its PM-WANI products.

On Wednesday, afternoon the shares of telecom firm HFCL went up by 13% to Rs 89.4 on BSE. The stocks closed at 7.71% at Rs 85.25/share. HFCL share hit a 52 week high to Rs 95.70 on 6th July 21″ & the lowest on 12th April 2021 at Rs 23/share.

The shares rose following a partnership between HFCL & AI-powered wi-fi analytics provider, Aprecomm. “With enhanced AI-powered analytics, HFCL’s wireless solutions ensure a consistent and optimal wireless network performance by monitoring customer experience on a real-time basis and automatically calibrate the Wi-Fi network parameters through its cloud management platform cNMS. The automatic network optimization in real-time is achieved using Aprecomm’s VWE AI engine duly integrated in all HFCL IO Wi-Fi products,” the telecom company said in a statement.

HFCL has already tested AI-based analytics in its PM-WANI products. The company plans to provide the new AI experience to all its existing customers. “I am elated with the partnership with Aprecomm. Integration of Aprecomm’s AI-powered solutions to our platform enables HFCL to offer enhanced user experience with added reliability and security to our customers,” said MD, Mahendra Nahata, HFCL.

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