HFCL Share Price: HFCL is one of the biggest telecom project service providers for Reliance Jio and is currently involved in working out of 4G OFC network services over north India. HFCL company continued their share in northward movement from Monday’s trade as they surged nearly 20 percent to Rs 85.90.
HFCL said it has started a second PM-WANI Village network in Karnataka and will provide wi-fi-based internet access to nearly 9000 residents of the poorly connected village. The company board will meet on July 12 to view and confirm the results for the quarter ending on 30 June 2021.
HFCL also supplies fiber optic cables in states like Maharashtra, Telangana, and Chhattisgarh under Bharat Net projects and uses networks in Punjab and Jharkhand.
5G technology is the next big rise for telecommunication networks and HFCL is gearing up to offer various products, solutions, and services for this segment. The CAPEX required for 5G deployments on a Pan India basis is likely to entail massive investments of around Rs 3,650 billion in the next 5-6 years.
Shares of the telecom solution provider surged 16 percent to Rs 84.2 on Monday. However, it was trading at Rs 83.75 at 10.10 am. BSE Sensex was trading at 300.47 points or 0.57 percent higher at 52,785.14 at the same time. The counter settled at Rs 72.5 on Friday.