HFCL share price locked in 5% upper circuit on bagging Rs 287.96-crore order from RailTel Corp
There were pending buy orders of 234,568 shares, with no sellers available
October 05, 2021 / 10:07 AM IST
HFCL share price was locked in 5 percent upper circuit in the morning trade on October 5 after the telecom equipment maker company bagged a Rs 287.96 crore from RailTel Corporation of India to set up a communication network for defence forces.
The secured optical packet switched network shall enhance the security of applications and provide state-of-the-art technology, which will drive the security requirement of defense forces, a release said.
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At 09.38 am, HFCL was quoting at Rs 79, up Rs 3.75, or 4.98 percent, on the BSE. There were pending buy orders of 234,568 shares, with no sellers available.
The share touched a 52-week high of Rs 95.70 on July 6, 2021 and a 52-week low of Rs 15.70 on October 1, 2020. It is trading 17.45 percent below its 52-week high and 403.18 percent above its 52-week low.