During the trading on Friday, HFCL shares rose 12 per cent to Rs 49.90 on the BSE. This is its highest level in 13 years.
Those who have invested in the shares of HFCL (formerly Himachal Futuristic Communications Limited), which manufactures telecom cables, have become profitable. Their money invested in it has doubled in just 30 days. During the trading on Friday, HFCL shares rose 12 per cent to Rs 49.90 on the BSE. This is its highest level in 13 years. The stock is trading at its highest level since January 2008. The company’s stock has risen 106 percent in the last one month, while the Sensex has risen 5 percent during this period.
The stock of this company, which makes telecom cable, has gained 46 per cent in the last 8 trading sessions. Net profit of the company increased 8 times to Rs 86.50 crore in the March quarter. The company had a net profit of Rs 8.7 crore in the same quarter last year. In the third quarter, profit of the company increased by 1.6 per cent against a profit of Rs 85.1 crore.
