HFCL zooms over 6%

HFCL rose over 6% to Rs.28.65, with volumes going up almost 1.5 times. It is amongst the top five gainers on the BSE currently. Its 52-week high is at Rs.36.65 and low at Rs.11.85.

The stock has zoomed up on news that it has received an Advance Purchase Order worth Rs.579 crore approx. from Bharat Sanchar Nigam Limited.

This is for Survey, Planning, Supply, Installation, Testing, Commissioning, Integration with existing core network and Operation and Maintenance for five years of 2G GSM BSS Network through Microwave Radio and VSAT backhaul in uncovered villages of Karbi Anglong & Dima Haso districts of Assam. 

The network will include 924 BTS sites and cater to 1313 villages.