HFCL's m-cap crosses Rs 10,000 crore mark; stock zooms 86% in a month

5G technology is the next big upgrade for telecommunication networks and HFCL is gearing up to offer various products, solutions and services for this segment

Shares of HFCL (formerly known as Himachal Futuristic Communications Limited) continued their northward movement in Monday's trade as they surged 18 per cent to Rs 85.90 on the BSE in intra-day session on the back of heavy volumes. A combined 82.10 million shares had changed hands on the counter on the NSE and BSE till 10:59 am.

In the past month, the stock of the telecom cables manufacture has zoomed 86 per cent as compared to a 1.4 per cent rise in the S&P BSE Sensex. The scrip was trading at its highest level since February 2002. A sharp rally