Fresh orders may give boost to HFCL stock

Shares of Himachal Futuristic Communications will remain in focus, as it has won orders worth ₹502.73 crore for supply of optical fibre cables to Larsen & Toubro and a consortium led by ITI. While the ₹147.73-crore L&T order is for creating an OFC network infrastructure in Andhra Pradesh, the ₹355-crore ITI order is for Maharashtra. Both the orders are under BharatNet Phase-11 project. Shareholders will closely monitor the execution of the orders.