HFCL Share Price

The HFCL Share Price jump-up to 13% in a day. Share of HFCL rose in Friday trade. Further stock jumps high due to new era in defence tech.

Summary about the HFCL Company:

HFCL is an Indian – based company. And it is primarily engaged in the manufacturing of the telecommunication equipment, intelligent power systems and optical fiber cables. Further, the company is an manufacturer of optical fiber cables, optical transport, power electronics , broadband equipment for the telecommunication industry.

HFCL Share Price jumps high

The HFCL company has announced to all shareholders that the company has framed a range of surveillance radars cater to meet diverse operational needs. These radars implement frequency modulated continuous wave technology. Further, this technology provides many advantages over other radar technologies.

Moreover, the advantages includes lo power consumption, resistance to interference and high accuracy.

In addition to above, HFCL said that the transformation involves the strategic focus on radar technologies . And this satisfices the critical information, surveillance and reconnaissance needs of defence and security forces.

Further, India accounts for 3.7% of the global military spending. And third highest military spender in the world after the USA and China. Because of this , the HFCL has an huge opportunity to contribute and lead with the innovation in the Indian defence tech space.

HFCL Share Price Performance

Day range (15.12.23) ₹67.90low ➡ ₹76.30high

52 weeks range ₹55.75low ➡ ₹84.80high

As stock price goes up approx. 13% the details of open price and traded value are as follows

Lets take a quick look on the fundamental details of the HFCL stock:

Particulars		Particulars
Market Cap	₹9,677Cr	EPS	₹2.14
P/E Ratio	31.65times	ROE	8.58%
Industry PE	33.29times	Book Value	24.91
P/B Ratio	2.72	Dividend Yield	0.28%
D/E Ratio	0.25	Face Value	₹1