Espresso Shot of the Day - Hfcl Ltd up by 7.56 percent

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Espresso Shot of the Day - Hfcl Ltd up by 7.56 percent

January 14, 2022
Espresso Shot of the Day - Hfcl Ltd up by 7.56 percent

HFCL LTD 91.80  (+7.56%) BSE – INE548A01028 | Jan 14, 2022


HFCL is a leading manufacturer of optical fiber cables, optical transport, power electronics, and broadband equipment for the telecommunication industry. The Company has state-of-the-art modern production facilities at Solan (Himachal Pradesh), Goa, and Chennai (Tamil Nadu) and caters to both Indian and global markets. Over the past three decades, HFCL has delivered innovative, customized and competitive products and the latest solutions in the high technology telecommunications infrastructure sector, thereby enabling its customers to stay ahead of their peers in technology and network efficiency. The Company’s activities cover the entire value chain from the manufacturing of leading-edge telecommunication products to the implementation of telecommunication networks. The Company specializes in the manufacturing of telecommunication equipment, optical fiber cables, and intelligent power systems. As a telecommunication solutions provider, the Company has implemented several Greenfield projects, including the setting up of CDMA & GSM networks, satellite communications, wireless spectrum management, and DWDM optical transmission network.

Recent Drivers

  • On Jan 13, 2022, the Company chose CommAgility as its key technology partner and shall use its 5G new radio (NR) software in its 5G indoor small cells.
  • On Jan 5, 2022, the company announced that it will be powering its network offerings with Artificial Intelligence (Al) based Analytics, partnering with Aprecomm, the leading AI-powered Wi-Fi analytics technology provider.
  • On Dec 28, 2021, the company received approval as a 'Trusted Source' from National Security Council Secretariat (NSCS).
  • On Dec 23, 2021, the company received a purchase order of Rs.119.14 crores from one of the network and engineering service providers, for supplying optical fibre cables (OFC).
  • On Dec 14, 2021, The Company raised Rs.600 crores via QIP issue. 
  • On Dec 2, 2021, The Company appointed Dr Peter A Weimann as the CTO and Jochen Arms as the Vice President - Sales (DACH Europe) for the optical fiber & cable (OFC) business, in its two recently incorporated wholly-owned subsidiaries in USA and Netherlands.
  • On Nov 12, 2021, the company reported Net Sales of Rs 1,122.05 crores in September 2021, up 6.42% from Rs. 1,054.32 crores in September 2020
  • On Nov 12, 2021, the company reported a Quarterly Net Profit of Rs.81.61 crores in September 2021, up 59.93% from Rs.51.03 crores in September 2020
(Sources: Moneycontrol, Business standard)


Technical Force*

  • S&P BSE 500 month till date gain up by 4.93%
  • Spurt in Volume by more than 3.64 times compared to previous 3 months avg. volume: 18,48,135
  • Quantity traded: 88,71,904 | Deliverable quantity: 27, 10,036 (30.55%)
  • Stock price has jumped more than 295% from one-year-low level: 23.00 (Apr 12, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 95.70 | 52-week-low: 23.00


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

181.33

138.52

108.63

65.82

35.93

-

-

     -

Fibonacci Pivot

138.52

110.75

93.59

82.54

65.82

49.10

38.05

20.89

     -


Today’s Close

91.80

SMA

BSE

10 DAY

85.19

20 DAY

81.55

50 DAY

78.74

200 DAY

64.28


Some Key Ratios (Source: BSE)

Market Cap:  12,637.04 Crores

PE: 40.99

OPM%: 13.83

ROE%: 15.30

Promoters holding%: 39.23

Prev. Close: 85.35


*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.