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HFCL advances on launching new line of products under brand name ‘IO’

HFCL is currently trading at Rs. 17.30, up by 0.25 points or 1.47% from its previous closing of Rs. 17.05 on the BSE.

The scrip opened at Rs. 17.50 and has touched a high and low of Rs. 17.50 and Rs. 17.00 respectively. So far 74609 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 25.30 on 13-Mar-2019 and a 52 week low of Rs. 16.75 on 10-Oct-2019.

Last one week high and low of the scrip stood at Rs. 17.80 and Rs. 16.75 respectively. The current market cap of the company is Rs. 2221.97 crore.

The promoters holding in the company stood at 38.13%, while Institutions and Non-Institutions held 6.42% and 55.45% respectively.

Himachal Futuristic Communications (HFCL) has successfully developed a new line of advanced wireless network connectivity solution which shall be marketed under the brand name ‘IO’, an acronym for Input-Output. IO is a platform to bring inefficiency and intelligence to mobility and assist citizens to use the most advanced Wi-Fi technology products and solutions.

The complete network solution is based on latest and upcoming international standards as a results of the Company’s own R&D initiatives which have fully designed, developed and manufactured the solution in India with full IPR ownership residing with the Company in India.

HFCL is one of India’s largest telecom network turnkey implementation companies, with wide and deep capabilities and domain expertise in rolling out advanced telecom networks.

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