Multibagger: HFCL stock zooms 26% in less than a month, gained 300% in last 3 years

livemint.com:

HFCL (Himachal Futuristic Communications Limited), a company with diverse operations in telecom infrastructure, has experienced a remarkable surge in its stock value this month. The shares have demonstrated the strongest monthly performance since June 2021, registering a notable gain of 26% thus far. The stellar performance has propelled the stock to a gain of 301% over the past three years.

Over the last decade, the stock has delivered a whopping return of 894%. Also Read: HFCL share price locked at over 7% upper circuit to hit 52-week high mark: What drove the rally? HFCL is a leading technology company specialising in creating digital networks for telcos, enterprises, and governments. It has developed capabilities to provide premium-quality optical fiber and optical fiber cables, state-of-the-art telecom products, including 5G Radio Access Network (RAN) products, 5G transport products, WiFi systems (WiFi 6, WiFi 7), unlicensed band radios, switches, routers, and software-defined radios.

According to analysts, Indian companies engaged in the optical fiber business are strategically positioned, benefiting from the nation's extensive digitization initiatives. In August, India's Commerce Ministry imposed anti-dumping duties on the import of optical fibers and related products, specifically targeting goods from China as well as other Asian countries like Indonesia and Korea. As India emerges as one of the fastest nations to roll out the 5G network, 5G technology has already become a global phenomenon.