Top 5 Smallcap Stocks to Watch Out for as India's 5G Revolution Begins

livemint.com:

rollout of 5G networks in terms of districts. 5G networks have been rolled out in 717 districts across the country as of 7 July 2023. So far, Reliance Jio and Bharti Airtel have aggressively rolled out the network while Vodafone Idea has been struggling to raise funds.

The company along with, Adani Data Networks has nudged the Department of Telecom, to extend the 16 August deadline for meeting the minimum rollout obligations for 5G. This could have a huge opportunity cost as the use of 5G will be used extensively across various socioeconomic sectors including education, agriculture, health, power, urban management, mining, logistics, resource management, tourism, sports, security, e-governance etc. While the obvious gainers from the rollout will betelecom companies, many other companies, especially smaller players, will benefit from it as well.

This is because the network requires an entire ecosystem to flourish. Small-cap stocks operating in the 5G space will give investors a chance to participate in the industry’s growth potential. Read on to find out which smallcap companies have the ability to be game changers in the 5G space.

The first stock on our list is HFCL. HFCL (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacturing of high-end telecom equipment, optical fiber, and optic fiber cable (OFC). The company has designed several new technology equipment products, including 5G products, which are scheduled to be launched during the current financial year.