On the first trading day of the week, HFCL’s(NSE: HFCL) share prices rose by more than 5 percent. After this jump, the price of the company’s share reached 52 week high.
The reason behind the rise in HFCL share prices is believed to be the strategic partnership with General Atomics Systems Incorporated (GA ASI).
The company has said in the information that HFCL has been selected by GA-ASI to develop and supply sub-systems of Unmanned Aircraft Systems (UAS).
Along with this, the company will be required to provide sub-systems for future UAV platforms. HFCL currently manufactures drone detection radar.
The company is working on many different types of radar systems. Which will strengthen their portfolio.
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The Company Is Trading Ex-dividend Today
The company’s share is trading as an ex-dividend stock today. In the information given to the stock market, HFCL had told that a dividend of Rs 0.20 per share would be given to eligible investors.
For this dividend, the company had fixed the record date of 23 September 2024. Which is today.
The Company’s Performance In The Stock Market Is Excellent
Today the stock rose by more than 5 percent to reach the level of Rs 171 in BSE. Which is a 52-week high. During the last one year, the price of HFCL shares has seen a rise of more than 128 percent.
Due to this, the investment funds of investors have doubled. Stockholders who hold the shares for six months have seen a gain of 79 % so far. Let us tell you, the stock price has risen by 13.30 percent in a month.
The public share in this company is more than 46 percent. At the same time, mutual funds have more than 37 percent share.
Quick Fact
| Company name | HFCL |
|---|---|
| Strategic partner | General Atomics Systems Incorporated (GA ASI) |
| Partnership focus | Develop and supply sub-systems of Unmanned Aircraft Systems (UAS) |
| Additional role | Provide sub-systems for future UAV platforms |
| Current products | Drone detection radar, radar systems |
| Dividend per share | ₹0.20 |
| Record date for dividend | 23 September 2024 |
| Public shareholding | More than 46% |
| Mutual fund shareholding | More than 37% |
| 1-year gain | More than 128% |
| 6-month gain | 79% |
| 1-month gain | 13.30% |
| Recent stock rise | More than 5% |
| Possible target price | ₹171 |
| Stock status | Ex-dividend |
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