India's HFCL rises over 4% on bagging orders worth 657 mln rupees

HFCL

28/04/2023 07:20

** Shares of HFCL Ltd  HFCL.NS  rise as much as 4.45% to
65.70 rupees, a six-week high
    ** The telecom equipment and optical fiber cables maker
secures purchase orders worth 657.2 million indian rupees 
($8.04 million) from Reliance Retail Ltd
    ** Orders pertain to the supply of optical fibre cables to a
leading private telecom operator in the country and are to be
executed by October 2023
    ** Co to report its March quarterly earnings on May 9
    ** Trading volume is 5.22 mln shares as of 11:46 p.m. IST,
1.2x the 30-day avg of 4.34 mln shares - Refinitiv data





($1 = 81.7575 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))