Why did HFCL shares surge recently?

HFCL shares surged over 8% due to its removal from the Futures & Options (F&O) segment, which often increases investor interest.

What new orders has HFCL secured?

HFCL secured export orders worth Rs 6.5 billion for supplying optical fibre cables globally.

What are HFCL's future growth areas?

HFCL expects growth from data centers, water infrastructure, and developing advanced technologies like Wi-Fi 7.

Home / Business and Economy / HFCL Soars: F&O Exit Sparks 8% Rally

HFCL Soars: F&O Exit Sparks 8% Rally

1 Jan

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Summary

HFCL shares jumped over 8% intraday following its exit from the F&O segment.
The company secured export orders worth Rs 6.5 billion for optical fibre cables.
HFCL is developing advanced Wi-Fi 6 and 7, and new router variants.

HFCL's stock saw a remarkable intraday jump of over 8% on Wednesday, its most significant single-day gain since May. This surge was primarily driven by the company's removal from the Futures & Options (F&O) segment, shifting its trading exclusively to the cash market, a move that typically stimulates investor activity.

The company also recently announced securing substantial export orders totaling Rs 6.5 billion for optical fibre cables through its international subsidiary. This achievement underscores global confidence in HFCL's manufacturing prowess and product quality, as it continues to develop advanced technologies like Wi-Fi 6 and 7 access points.

Looking ahead, HFCL anticipates robust demand from its data center business and sees potential in the water infrastructure sector, boosted by government initiatives. The company is also actively involved in developing new telecommunication equipment and defense electronics, partnering with industry leaders for innovation.

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