HFCL is an India based company primarily engaged in the manufacturing of telecommunication equipment, optical fiber cables and intelligent power systems. The company is a manufacturer of optical fiber cables, optical transport, power electricals, and branded band equipment for the telecommunication industry. The company is also engaged in the development of state-of-the-art control detection radar which is set to become a key component of modern drone detection systems.
HFCL’s Advanced Radar Unveiling Is Revolutionizing Defense Intelligence and Driving a Market Surge |
HFCL Share Price Target 2024 |
Subsidiaries Of HFCL Ltd. |
Basic information about the company |
Shares of HFCL LTD rose sharply in Friday’s trade amid heavy volumes. The stock rose by 12.65 percent to reach the day’s high of Rs 76.30 as against the previous close of Rs 67.73. That is despite the increase on year-to-date basis. But in the city there has been a decline of approx.
BASE, but today last seen a change in about 41.51 lakh shares. This figure was much more than the two week average volume of 663 lakh shares. The turnover on the counter was Rs 30.43 crores whose market registration M-cap was Rs 10.6 34.36 crore shares today. The sharp rise in price came after the company said it was unveiling a new era in defense intelligence with advanced radar.
“We are pleased to inform all our stakeholders that HFCL, through its 90 per cent owned subsidiary – Reddef Private Limited – a R&K venture, has designed a series of surveillance radars,” the company said in an exchange filing. Meet Diverse Operational Requirements These radar frequency modules utilize layered continuous wave (FMCV) technology that offers advantages over other radar technologies, including high accuracy, low power consumption and resistance to interference.
In this process, the volume of infrastructure related work in the telecom industry is increasing as a result of which HCL is getting many big orders from various telecom infrastructure forma. Currently the company has an order book of more than Rs 4140 crore. Management plans in the near future. Depending on the company’s manager, in the next few days, the company may get big orders from different companies related to the telecom industry, which will lead to a huge increase in business profits and revenue. If in the next few months, the company’s The order book is expected to fill up so the price of Shers is also likely to increase as the company’s business is growing. When we consider its HCL price target for Shers Sher for 2024 then the number of orders for the company increases. Price first The target will be around ₹50 it should get excellent returns then you will identify the second target to earn profit of around ₹90 rupees If we are examining HCL then it is clear that they have excellent and solid customer base from different industries Answer If we look at the company, it is mostly spread in the sectors like Public Telecommunication, Defense Communication, Railway Communication, which includes Jio, Tata Airtel, Vodafone, Nokia, L&T, Orange, BSNL, BL, TIC, LBPCL, IOil, Rail Train, HPCL, PCC, Saudi Railways and customers of every big and small industry. HCL has the potential to rapidly expand its customer base. HFCL seems to be offering new communication service business to its customers every day, so it is expected that in 2024, its shares will not run but will run.
The strategic shift at HFCL is the focus on radar technologies for both innovation and defense.
HFCL noted that the transformation includes a strategic focus on radar technologies to meet the critical information surveillance and monitoring needs of the defense and security forces. The deployment of these state-of-the-art technologies provides guest benefits and exhibits versatile applications in multiple sectors. This underlines HFCL’s unwavering dedication to innovation and excellence in the defense industry,” added Mahendra Natah, Managing Director, HFCL. Our strategic investment of 90 per cent in Reddef is aimed at promoting Make in India technology in the defense communications sector. Underlines HFCL’s commitment to strengthening our position as a global solar partner.
The company further underlined that the worldwide market for surveillance radar is expected to reach $12 billion per annum by 2030 from the current market size of $6.87 billion per annum.
India’s contribution to the global military expenditure is 37% making it the third highest military spender in the world after the US and China. It is a great opportunity for HFCL to contribute and lead with innovation in the Indian defense technology sector. It has also become an opportunity, he said.
On the technical setup, HFCL stock was trading higher than 5-day, 10-,20-, 30-, 50-, 100-, 150 and 200-day simple moving average (SMA). The counter’s 14-day Relative Strength Index C was 68.42. Values below 30 are defined as oversold while values above 70 are considered overbought. The price-to-activity (PE) ratio of the company’s stock is 39.18 while the price-to-book (P/ B)The price is 2.83.
Subsidiaries Of HFCL Ltd.
- HTL Limited
- Polyxel Security Systems Pvt Ltd
- DragonWave HFCL India Private Limited
- Reddef Private Limited
- Moneta Finance P Ltd
- HFCL Advanced Systems Pvt. Ltd.
Basic information about the company
The company was established in 1987 with the name of Himachal Futuristic Communications Limited. The headquarters of this firm is located in Gurugram, New Delhi. At present the total number of employees working in this company is 1719. In terms of primary products offered by the company, HFCL shares. The company has collection in optical, fiber optical, fiber cable, telecommunication equipment telecommunication energy, in battery management in electronic industry, battery and energy solar energy. Additionally it is also involved in solutions and telecommunication network optical transmission railway telecommunication network the company is also involved in defense railway tele Private sector is also involved with communication. If we look at the last 5 years then consider the type of returns given by the company to its investors then HCL share company provided returns of Tk 22 in last 6 months and 808 percent during the last year. Returns and Readership of up to Tk 68 in the last three years This company has provided returns of Tk 27 to investors in the last 5 years
Currently the company has an order book of more than Rs 4140 crore. Management plans in the near future.
Basic information about the company?
The company was established in 1987 with the name of Himachal Futuristic Communications Limited. The headquarters of this firm is located in Gurugram, New Delhi.