HFCL is in the news today. The stock, which had closed yesterday at Rs.75.25, opened itself 5% higher today at Rs.79, hitting the UC where it now stays frozen.
The stock hit the roof after it announced receiving an order worth Rs.287 crore from RailTel Corporation for setting up a data communication network for the defence forces.
The order is to be executed within a year.
The management of the company remains optimistic about the future and maintains revenue growth outlook of 15-20% for FY22.