On June 13, HFCL’s share price increased more than 1% in the early trade after the digital network solution provider caught an Rs 80.92 crore order from Delhi Metro Rail Corporation (DMRC).

The order comprises the design, manufacture, supply, installation, testing and contracting of a Fibre Optics Transmission System (FOTS) for three corridors of Phase IV of the Delhi Metro Corporation.

The order is probable to be implemented within 156 weeks from the date of notice to proceed. Subsequently, the company has to deliver assurance support for 104 weeks.

HFCL was trading at Rs 71.05, up Rs 0.70, or 1% on the BSE. The share moved a 52-week high of Rs 88.80 on December 9, 2022, and a 52-week low of Rs 51.55 on June 20, 2022. It trades 19.99% below its 52-week high and 37.83% above its 52-week low.