Leading company engaged in telecom infrastructure industry, HFCL Ltd shares today zoomed over 6% on Bombay Stock Exchange (BSE) after the company issued an important update on Rs 2501 crore order from Bharat Sanchar Nigam Limited (BSNL). HFCL Limited share price on BSE stood at Rs 88.77 per share. The company has a market capitalisation of Rs 12,806.61 crore, according to BSE. Its return on equity stood at 9.42%. Shares of HFCL Ltd slipped 35.49% in last 6-months and gained 423.72% in last 5-years. Check key details below:
HFCL Wins Big Order From BSNL
According to the exchange filing of the company issued after market hours, “this is in continuation to our intimation dated January 16, 2025 regarding receipt of an Advance Work Order (“AWO”) from Bharat Sanchar Nigam Limited (“BSNL”) for ~INR 2,501.30 Crores for executing BharatNet Phase III Programme in the Punjab Telecom Circle.”
In this regard, we are proud to inform all stakeholders that today, HFCL has become the first company to sign an agreement with BSNL as the Project Implementation Agency (“PIA”) under the BharatNet Phase-III Programme for executing this project in the Punjab Telecom Circle. The Company will now take immediate steps to commence project implementation, added the regulatory filing.
HFCL Shares Performance
The 52-week high price of HFCL Ltd shares on BSE is Rs 171.00 per share (as on 23/09/2024) and 52-week low price is Rs 81.25 per share (as on 13/03/2024), respectively. HFCL shares plunged 17.46% in last 1-year and soared 31.03% in last 2-years. In last 3-years, HFCL stock zoomed 17.03%.
HFCL Dividend History
HFCL recommended a total of 6 dividends since September 19, 2018. In last 1-year, HFCL recommended an equity dividend amounting to Re 0.20 per share. At the current share price of Rs 88.77 per share, HFCL offers a dividend yield of 0.23%, according to Trendlyne.
HFCL Bonus Share History
The company never recommended any bonus share.
HFCL Shareholding
FII/FPI increased holdings from 6.68% to 6.70% for December 2024 quarter. Number of FII/FPI investors came down from 203 to 197 for December 2024 quarter. Mutual Funds surged holdings from 8.58% to 9.24% for December 2024 quarter. Number of MF schemes rose from 31 to 34 for December 2024 quarter. On the other hand, Institutional Investors increased holdings from 17.04% to 17.66% for December 2024 quarter.
About
It is a leading telecom company engaged in the manufacturing and supply of telecom equipment and optical fiber. It provides turnkey solutions for telecom service providers, railways, defense, and smart city projects, among others.
Disclaimer: The story highlights order update and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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