India's HFCL rises on $135 mln order win

HFCL

01/01/2024 03:49

** Shares of telecom infra components maker HFCL  HFCL.NS  
are up ~3% at 86.70 rupees
    ** Co wins order worth 11.27 bln rupees ($135.5 mln) from
telecom co BSNL  BSNL.NS 
    ** HFCL rose ~26% in Dec in its biggest monthly gain since
June 2021, aided by foray into defence sector
    * That helped it swing to a ~14% rise in 2023 after a ~6.5%
drop in 2022
 
 ($1 = 83.1900 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))