HFCL Ltd News

Stock market crash over? Mid-, Small-caps surge; 5 key scrips to track

Broader indices have outperformed the Sensex and Nifty amid the recent market recovery, rallying up to 12% from November lows. These 5 mid-, small-cap stocks could swing up to 19% from present levels.

HFCL consortium to get contract worth Rs 13,000 cr for BharatNet Phase 3

Telecom gear maker HFCL Ltd on Monday said the company along with its consortium partners has been declared the lowest bidder for optical fibre-based broadband network projects worth Rs 13,000 crore under BharatNet Phase III for UP East, UP West and Punjab circles. The company placed bids for UP East and UP West through consortium partners and alone for the Punjab circle. "HFCL-Rail Vikas Nigam Limited (RVNL)-Aerial Telecom Solutions Private Limited, a Consortium has been declared as the Lowest Bidders by Bharat Sanchar Nigam Limited (BSNL), for bids valued at around Rs 6,925 crore to provide middle-mile network in Uttar Pradesh (East) and Uttar Pradesh (West) under the BharatNet Phase III programme," the company said in the filing. The consortium will be awarded 10 years of operation and maintenance (O&M) order at an annual rate of 5.5 per cent of capex for the first five years and 6.5 per cent for the subsequent five years which will be worth about Rs 4,155 crores, after ...

HFCL shares surge over 5% on securing Rs 8,100 cr projects in partnership

HFCL share price surged 5.5 per cent at Rs 132.30 per share on the BSE in Wednesday's intraday deals

1 out of 6 Nifty 500 stock falls over 20%; Time to worry or cherry pick?

Many quality small- and medium-cap stocks have become appealing buys, and the medium-to-long-term outlook remains robust due to economic factors, said G Chokkalingam of Equinomics Research.

HFCL shares drop 6% after subdued Q2FY25 earnings; check details here

HFCL share price dropped 5.96 per cent at Rs 117.51 per share on the NSE in Monday's intraday trade

HFCL Q2 results: Net profit jumps 4.5% to Rs 73 cr, revenue at Rs 1,094 cr

Domestic telecom gear make HFCL on Monday posted 4.5 per cent year-on-year rise in its consolidated net profit for second quarter ended September 2024 (Q2FY25) to Rs 73 crore. The Q2 revenue, however, slipped 1.61 per cent year-on-year to about Rs 1,094 crore. In a statement, HFCL Managing Director Mahendra Nahata noted that the company delivered steady performance despite the ongoing softness in demand for Optic Fiber Cables globally. "Further, monsoon season in several parts of the country impacted execution of work, causing some revenue to spill over into the next quarter," Nahata said. The company said Q2FY25 was marked by some significant milestones. HFCL delivered one of the world's largest advanced broadband network gateway projects for BSNL, it added. The company also entered into a strategic partnership with General Atomics Aeronautical Systems Incorporated (GA-ASI), US, to develop critical sub-systems for one of the world's most sophisticated unmanned aerial vehicles ...

HFCL expects 70% revenue in fibre optic, 50% in telecom gear from exports

Domestic telecom gear maker HFCL expects 70 per cent of its revenue in fibre optic segment and half of network equipment business will start flowing into the company from exports in the next three years, a top company official said on Wednesday. HFCL Managing Director Mahendra Nahata told PTI that the company is now seeing a surge in demand for 5G gears after telecom operators have installed 5G mobile towers across the country. Apart from optic fibre cable, HFCL provides peripheral telecom equipment that connects with base stations to enhance coverage. "In telecom we have two type of products -- telecom equipment and optical fibre. Our plan in fibre optic cable is in three years time, 70 per cent of our revenue should come from exports. In telecom equipment, in three years, around 50 per cent of revenue will come from exports," Nahata said. He said the company is already exporting fibre optic cables to 40 countries and has recently started exports of telecom equipment as well. "Ma

HFCL up 6%, at 52-wk high on deal to supply drone parts to General Atomics

HFCL is developing drone detection radar, which is expected to become a crucial element in modern drone detection systems.

HFCL to supply critical sub-systems of drones for General Atomics ASI

Home-grown telecom firm HFCL has been selected by General Atomics Aeronautical Systems Incorporated to develop and supply critical sub-systems for the US-based defence technology firm's advanced unmanned aircraft systems, the company said on Sunday. HFCL is developing drone detection radar, which is expected to become a crucial element in modern drone detection systems. "In a significant development that underscores HFCL's technical prowess and commitment, the company has been selected to develop and supply critical sub-systems for GA-ASI's advanced Unmanned Aircraft Systems (UAS). This partnership marks a milestone in HFCL's journey, as it becomes a key contributor to one of the world's most sophisticated unmanned aerial vehicles (UAVs)," HFCL said. The company's subsidiary, Raddef, has been developing portable and deployable advanced radar and radio frequency (wireless) solutions across various terrains. "Our selection by General Atomics Aeronautical Systems Incorporated to devel

HFCL Q1 result: Net profit up 46.4% at Rs 111 cr as internet demand rises

Domestic telecom equipment maker HFCL Ltd on Tuesday reported a 46.4 per cent year-on-year rise in consolidated net profit for the June quarter to Rs 111 crore. Its revenue rose 16.4 per cent to Rs 1,158 crore in the just-ended quarter, compared to a year ago. HFCL Managing Director Mahendra Nahata noted that amid geo-political challenges, India stands out with its political stability and resilient economy, positioning itself as a prime investment destination. "The technology and telecom sectors are going to play a vital role in achieving the country's vision of 'Viksit Bharat@2047'," he said. The growing demand for high-speed internet, the expansion of 5G networks, FTTH (Fibre To The Home) implementation, hyper-scaling of data centres, advancements in Artificial Intelligence and Machine Learning, the PLI (production-linked incentive) scheme and the thrust on indigenous development and procurement of defence equipment, present substantial opportunities for the company both in domes

Jio Fin, Zomato part of Nifty50? List of likely F&O inclusions, exclusions

Market regulator Sebi tweaked the selection criteria for stocks to join and exit the derivatives (F&O) segment on Thursday, June 27