Strength of 2.5% in Himachal Futuristic from the news of getting the contract

The share of fiber optic cable (OFC) manufacturer Himachal Futuristic is showing an increase of more than 2.5%.

The company got a contract worth Rs 117 crore from the major construction engineering company Tata Projects. The company got the supply of optical fiber cable for the construction of OFC Network Infrastructure under Chhattisgarh Bharat Net Phase-II Project. Explain that India is a national importance project, through which the target is to connect and provide approximately 25050 gram panchayats with broadband connectivity in the country. 

Earlier, in December 2018, Himachal Futuristic got two contracts with major engineering company Larsen & Toubro, of which the total value was Rs 148 crore. Under the contract, Himachal Futuristics has to create telecommunication system projects for the Mauritius Metro Express Project and the Dhaka Metro Mass Rapid Transit System.

On the other hand, the share of Himachal Futuristic at BSE is open at Rs 24.00 against the previous close price of Rs 23.65. At approximately 1 a.m., it is running at Rs. 24.25 with an increase of 0.60 or 2.54%. At the same time, its last 52-week peak is Rs 35.25 and the lowest level is 17.20 rupees.

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