HFCL share price target 2024, 2025, 2027, 2030, 2040

Himachal Futuristic Communications Limited (HFCL) is a stock listed in both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), one of the largest private sector telecom companies in India. In this article we briefly talk about HFCL share price target 2024, 2025, 2027, 2030, 2040. For long term prediction we will use technical analysis and previous work result for better forecasting. So read the complete acticle for complete knowledge.  

Himachal Futuristic Communications Limited (HFCL) is one of the India’s largest telecom company. This company founded in 1987 by the founder Mahendra Nahata (Mr. Nahata), he is Founder and Managing Director of HFCL, leading complete strategy, planning, and new business development of the his company HFCL. Dr. Deepak Malhotra and Vinay Maloo these are also the co-founders of HFCL and it was become India’s one of the first private sector telecom companies. The main headquarter is in Gurugram and Delhi but the company was incorporated as public sector company in the state of Himachal Pradesh. According to the report, HFCL was established on 11th May 1987 and its current price is ₹93.6 right now. The highest price of HFCL was ₹112.20

HFCL become first Indian company to design 5G FWA products in India and right now this company is also planning for 6G. If talk about the main work of this company then this is a leading global technology company that connecting million & billions of people, devices, and systems. HFCL run a top-notch electronics manufacturing facility in Solan, Himachal Pradesh. Its plant is fully equipped to produce a variety of equipment, including microwave radios, wireless access systems, optical transmission and access systems, and subscriber access terminals.

If talk about some past works, HFCL has successfully completed numerous turnkey projects both nationally and internationally in the fields of satellite and radio communication, CDMA mobile networks, optical transport networks, and spectrum management solutions. It has become first Made In India Backhauling solution provider for mobile networks using unlicensed Band Radio. The company’s product lineup encompasses a wide range of offerings, including optical fiber cable (OFC), indoor and outdoor WIFI solutions, cloud-based network management systems, high-density cabinets, PCL splitters, railway communication solutions, Ethernet equipment, and various other products to meet diverse needs.

Reason of investing on HFCL

Himachal Futuristic Communication Limited (HFCL) is largest and first telecom sector company in India, that working on global technology company that connecting million & billions of people, devices, and systems. This stock is Fundamentally strong, it comes with ₹ 13,488 Cr. market cap, 40.9 PE ratio, the book value of HFCL is ₹ 27.4, and company is also providing 0.21 % dividend. The company provided 38.72% return in part 1 year and 360.59% in last 5 years.

The company work with JIO, Airtel, Vodafone, SCCI, ALTSTOM, BSNL, GLOBE, LIQUID, MAYFLEX etc. This company provide telecom services to these all companies. Mukesh Ambani (Reliance Strategic Business Ventures and Reliance Ventures) also holds a 5% stake in HFCL. 

In Q3 FY24, the revenue breakup shows that 89% of the revenue comes from Public Telecommunication, 8% from Defence Communication & Electronics, and the remaining 3% from Railway Communication. This means that most of the revenue comes from serving the public telecommunications sector, followed by a smaller portion from defense communication and electronics, with a minor contribution from railway communication.

As of Q3FY24, the company’s order book stood at 7678 Cr, showing an increase from 5280 Cr compared to the previous year’s Q3. Out of this total, 5733 Cr (about 75%) comes from the government sector, while 1945 Cr (approximately 25%) comes from the private sector. Regarding services, network services make up the largest portion at 5180 Cr (about 67%), followed by operations and maintenance (O&M) at 2051 Cr (around 27%), and products at 447 Cr (about 6%).

HFCL share price target for upcoming years

Check complete article for better understanding and for better knowledge.

HFCL share price target 2024, 2025, 2027, 2030, 2040

• The price of HFCL could be around ₹130 at the end of the year 2024.
• The price of HFCL could be around ₹182 at the end of the year 2025.
• The price of HFCL could be around ₹251 at the end of the year 2026.
• The price of HFCL could be around ₹393 at the end of the year 2030.
• The price of HFCL could be around ₹597 at the end of the year 2040.

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HFCL share price target 2024

People also ask:

Is HFCL good for long term?

Yes, this can be good investment for long term.

Is HFCL part of Reliance?

Mukesh Ambani (Reliance Strategic Business Ventures and Reliance Ventures) also holds a 5% stake in HFCL. 

Is HFCL a government company?

No, this is a Private sector company.