HFCL shares in focus as arm secures Rs 44.36 crore order from Indian Army

HFCL shares will be in focus on Monday after its subsidiary secured a Rs 44.36 crore contract from the Indian Army.

The company's material subsidiary, HTL, received the order for supplying tactical optical fiber cable assemblies. These indigenously manufactured cables are designed to withstand heavy armored vehicle loads and are equipped with specialized military-grade connectors for harsh environments.

In January, HFCL secured an advance work order (AWO) worth Rs 2,501.30 crore for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network for BharatNet Phase III in Punjab.


The contract follows the Design, Build, Operate, and Maintain (DBOM) model, with a three-year construction timeline. A 10-year maintenance contract will follow, with operational expenditure (opex) set at 5.5% per annum of capex for the first five years and 6.5% per annum for the next five years.

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HFCL technical indicators

Technically, the stock's relative strength index (RSI) is at 40.2. According to Trendlyne, an RSI below 30 is considered oversold, while above 70 indicates overbought conditions. Additionally, the MACD is at -4.8, which is below its center line, this is a bearish indicator.

The stock is trading below its 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).

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HFCL shares performance

On Friday, HFCL shares closed at Rs 83.9, up 1.05% on the BSE, while the benchmark Sensex declined 0.01%. The stock has declined 45% in the past six months and surged 24% over the last two years. The company’s market capitalization stands at Rs 12,098 crore.

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