HFCL Limited up by 20.00 percent | Espresso Market Updates


Espresso shot of the day – HFCL Ltd up by 20.00 percent

July 05, 2021
Espresso shot of the day – HFCL Ltd up by 20.00 percent

HFCL LTD 87.00 (+20.00%) BSE – INE578A01028 | 5th JULY 2021

Over the past three decades, HFCL has delivered innovative, customised and competitive products and 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 specialises in 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. HFCL has implemented over 25,000 2G/3G cell sites and rolled out over 1,00,000 kilometers of optical fiber cable networks for Telecommunication companies, Railways, the Oil & Gas industry and high security applications as required by the Defence and Internal Security establishments. It has a country-wide presence with over 1,200 employees on the roll. The company is focused on serving new high-growth opportunities in Railways, Homeland Security, smart cities and Defence.

Recent Drivers

  • On July 5, 2021, the company set up a second open WiFi-powered village in Karnataka, ahead of its board meeting.
  • On July 5, 2021, HFCL’s m-cap crossed the Rs 10,000 crores mark.
  • On June 28, 2021, the company incorporated a wholly-owned subsidiary company of HFCL Limited, namely, HFCL Technologies Private Limited, by subscribing 10 lakh shares of Rs 10 each.
  • HFCL is building a portfolio of 5G products including 5G Radio Access Network (RAN) and 5G Transport equipment, both for Indian and foreign markets.
  • HFCL Ltd., in collaboration with the Telecom Infra Project (TIP) and i2e1, will set up PM-WANI-powered (Wi-Fi Access Network Interface) connectivity at Baidebettu village in Udupi district of Karnataka.
  • Around 25 telecom gear makers, including Nokia and HFCL, have applied under the Rs 12,195 crore production-linked incentive scheme for the sector.
  • HFCL Ltd. reported quarterly net profit at Rs 84.68 crores in March 2021, up 1370.14% from Rs 5.76 crores in March 2020.
  • HFCL Ltd. reported net sales at Rs 1,391.40 crores in March 2021, up 109.8% from Rs 663.19 crores in March 2020.
(Sources: Business Standard, Moneycontrol, BSEIndia, The Economic Times, The Hindu Business Line, Livemint )

Technical Force*

  • S&P BSE 500 month till date gain up by 0.83%
  • Traded on all-time-high value of 87.00
  • Spurt in volume by more than 1.74 times compared to previous volume | 3 months avg. volume: 35,21,802
  • Quantity traded: 1,07,03,948 | Deliverable quantity: 35,15,688 (32.84%)
  • Stock price has jumped more than 600% from one-year-low level: 11.30 (July 29, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 87.00 | 52-week-low: 11.30

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Some Key Ratios (Source: BSE)

Market Cap: 11,174.08 crores

PE: 50.14

OPM%: 12.93

ROE%: 11.88

Promoters holding%: 42.05

Prev. Close: 72.50

*Chart And Technical Force data taken 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.