Shares of
HFCL extended its last week rally and closed higher on Monday. Amid a sharp rise in the stock, the market capitalisation of the scrip has gone past the Rs10,000cr mark. Currently, the market value of the stock is Rs11,190cr.
In the past month, the stock of the telecom cables manufacture has zoomed 86% as compared to a 1.4% rise in the S&P BSE Sensex.
HFCL reported an eight-fold jump in its consolidated profit after tax (PAT) at Rs86.50cr in the March quarter (Q4FY21).
HFCL Ltd ended at Rs87 up by Rs14.5 or 20% from its previous closing of Rs72.50 on the BSE. The scrip opened at Rs73.95 and touched a high and low of Rs87 and Rs73.70 respectively.
The board of directors of HFCL is scheduled to meet on July 12, 2021, to consider and approve the un-audited financial results of the company for the first quarter ended June 30, 2021, of the financial year 2021-22 (Q1FY22).