HFCL LTDLong
HFCL Breakout Soon Candidate
HFCL Ltd is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high-end telecom equipment, Optical Fiber and Optic Fiber Cable.
The recent anti-dumping duty imposed by Govt. on the import of optical fibre cables and 5G technology being implemented across India has brought this company into the limelight. The company has a strong association with Reliance Jio Infocomm Ltd and has been responsible for network planning, design and implementation of its network for the Northern region of India. MD of the company; Mr. Mahendra Nahata has been on the board of RJIL since 2010.
HFCL has also diversified its business and forayed into telecom equipment and Wi-Fi protocol equipment manufacturing.
Revenue Breakupa s on Oct 2022,
Public Telecommunication accounts for 76%, Defence Communication and Electronics 21% and railway Communication accounts for the remaining 3% of its revenue which is a good sign.
I am very bullish on this company as future prospectus look bright.
The recent anti-dumping duty imposed by Govt. on the import of optical fibre cables and 5G technology being implemented across India has brought this company into the limelight. The company has a strong association with Reliance Jio Infocomm Ltd and has been responsible for network planning, design and implementation of its network for the Northern region of India. MD of the company; Mr. Mahendra Nahata has been on the board of RJIL since 2010.
HFCL has also diversified its business and forayed into telecom equipment and Wi-Fi protocol equipment manufacturing.
Revenue Breakupa s on Oct 2022,
Public Telecommunication accounts for 76%, Defence Communication and Electronics 21% and railway Communication accounts for the remaining 3% of its revenue which is a good sign.
I am very bullish on this company as future prospectus look bright.
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